Does this look like a good time to get SANM, or do you think it will drop some more before reversing?
It's really hard to tell. If "feels" like a bottom has been put in, but with it being so low in the 5's, a breakdown could take it really deep into the 4's in very short order.
FWIW, I added at $5.06 this morning but am keeping plenty of powder dry in case it breaks down because if it does, I'll consider that a trading opportunity. If it really loses it (and there's not news making it happen), I can easily see it becoming available below $4.80 for a short period of time but bouncing back into the 5's before either staying put or tanking further.
I'll buy as much as I can if it hits $4.76 and sell those shares as soon as it looks toppy in the 5's or hold onto them if it looks like it wants to hang on. Which would all happen in an hour or less, IMO.
Edit: Bollinger bands opening up. Bad news is that means a breakout to the upside isn't very strongly indicated. Good news is the same is true of a breakout to the downside.
My money says it's a $5.25-$5.50 stock sometime between now and the end of next week, so I'm expecting a 5-10% increase from here.