I got burned this morning and compounded the error by averaging down. Some of my money is redder than others, but none of it's green. I've been bringing the question of tomorrow around the boards trying to solicit some opinions and none of the people I asked had anything good to say.
Here's my own opinion: I think there is no sense in bailing at this point because we've already done most or all of the losing. Selling stopped around noon today. That doesn't mean anything for tomorrow, but IF the company is done selling shares, we should get a bounce in the morning. I would recommend taking some off the table somewhere between .10 and .13 even if you're still red.
After that, who knows what will happen. But the MOMO is gone and I don't see it hitting .20 without something far more impressive than they've shown us already. The bounce is unlikely to be sustained, that's why I will sell some if we break a dime.
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