What tells you that the 80 will be broken to the downside? If that was going to happen it would've happened this week with all the downward momo and selling. If this week didn't result in 20% downside what in January will take us there from here?
A lot of people probably do not want to buy within 30 days so not to have issues with wash sale. They probably wants to take lost this tax year. I won't buy it until after 30 days hopefully all settle down by then. If it go up too much, I would have to pass.
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