Yeah, I hate to average down in most cases. This as you say is a no brainer. It will most likely be back at .001 Wednesday. This is trading in a channel, seems like some have grown impatient, but it will come back very quickly IMO.
Then with the LOI I think it pops. I have turned this one around a couple of times already and done well with it. Hoping that Peacock get a strong R/M candidate to crank this thing up.