Its not over, most of these stocks are gonna be bumpy. There will other opportunities, but your right this was a good entry point. We can see what can happen, and the risk involved in this volatile market.
Remember this:
1. Half of the market is controlled by hedge funds, or 50%. (this can be internal or external engaged primarily in shorting, or both if any hold a position who can control the floor, or its bottom). Shorting is ever prevalent.
2. The other part of this equation is the impact the insiders have on the stock price when they are engaged in selling.
3. The other slice is if and when the company is raising cash for stock and selling at discounted prices to the market.
Retail investors make up about 20/25% of the overall market track the volume. The other unknowns make up the other 25%, watching and getting in after a big sell off like we saw here is the safest entry point............Shorting is destroying a many of a company, until this practice is banned the risk of investing will continue to rise.
Its not just the ban on shorting that the President, and the Congress needs address. New laws regarding the elimination of stock options is the other. Every person directly working for any public company should be salaried, or paid according to the revenues the company generates. None of the owners, or partners should ever receive more than the controlling shares they're issued, which should be preffered B which cannot be converted, and must remain restricted till the company changes hands.
Any common A shares they choose to own should have to be purchased on the open market, the way the rest of us acquire them. If a company, and its employee's cannot make it on the profits the company generates, like any private enterprise they are doing little else than be ever dependent on the market to make their way.
