$SONN - I caught a falling knife, but only for a small gain. I was able to buy an hour or so ago at $9 (just above your the $8.99 blue skies mark). It held well with a $1 trailing stop. I thought there for a minute it was going to take off again when it broke $10, but it fell back down and triggered my trailing stop.
My opinion only, but this one is done until it fills that gap (unless there is news). With the volume today, and starting to set new daily lows at this point, I think she is going to creep back down. I'll be keeping it on the radar though.