Jess, I feel your pain too. I understand you will have to bail out of some stock to avoid the margin call. My advice to you would be to get rid of it at market over a few trades. I think if you put a stop, you will definately get stopped out. The way this thing is going, who knows where the bottom is or how fast we will get there. The main thing to do I think is get rid of what you have to get rid of, and then with the rest, just keep until this time next year. I think we will see $15, and I hope we dont go even lower than that. I am not a shorter trying to talk the stock down, I just am trying to give my opinion as if I didn't own any position in this stock(i wish:-). I also think that we will not really base, but rather have a swift, lightning turnaround. My basis for thinking the stock is doomed short term is just plain fear in the market about this stock. I think the fair value is $30. Well, I'm rambling. Just wondering how much more money I will lose today:-(
Steve |
