"Those who cannot remember the past are condemned to repeat it" - Uhuh, and more realistically those who remain frozen by a past incident without knowing that a static system is not what exists in the market will almost always lose out.
People that use absolutes in determining the ups and downs of securities moves are generally not the most perceptive, nor, the most successful.
Just look at the "Analysts Estimates" here on the Yahoo Finance . This qtr , next qtr, this year, and next year are all moving up significantly.
For ex; next year's earnings have gone from .79 to 1.19 in the last 60 days.
Today is just a buying opportunity and the high 20s will be here soon. IMHO
For those that don't want to have to look it up;
Here is the IBD rule: If your stock surges at least 20% within three weeks of breaking out from a proper base, you should hold on for at least eight weeks. The fast, solid gain is a sign that big institutions have major designs on the stock. That surge indicates a far-above-average gain in the long run is possible.