Its far from to late for a 6-12 month play here. Remember BAC. I think the great thing here is the potential compared to risk. Even if you buy at $5, the ? you need to ask is not how high will it go but do you see it hanging around at $5, i surely dont. JMO
I know its tough because you feel you missed the boat.
I felt the same way when BAC was at $7 and i still kick myself as a reminder.