It would be nice to buy lower. I think I might like to see it bottom first and then see some real bullish order flow before buying this. It could just slowly grind lower... However it is at a near term support area, so I'll be watching it close!
I guess that is why I believe it is wise to just cut your losses right away and reevaluate the situation on the sidelines. It's not a sin to reenter again, even at a higher price if it starts acting right.
You just never know what the heck these stocks will do next sometimes. The only thing we CAN control is how much money we will lose on the losers...
Have a good night and happy trading!
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