Are you playing this out to the end or using a trailing stop. In other words, would you ride it back down to where you bought it, willing to ride it to a slight loss or do you have some kind of stop in mind to lock in profits?
If I believed in the long term prospects of the company (which I do not), then I would probably put my stop in at what I paid for the stock. I think if you believe in the company and management then you're playing for a mid to long term play.
If I believed this was just a hyped up plan to try to force a large short position into a desperate situation then I would be playing swings or channeling or day trading. If I was doing this and I bought at $2, I would probably stick my stop in at like $2.10 depending on how many shares I owned.
I am just curious, do you have a plan at this point?
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