Yes I'm buying for a move in January, upside is worth the risk for me here. I tried to position last week but ended up closing the trade for a small win ahead of cliff talk. It's holding range quite nicely in bear market, any good news and it'll pop. My only concern is liquidity, we'll need some regular good news for big money to give this one a chance again.
I got lucky and was not in the stock on the bad news, I sold and alerted the sell last week to clients. Better to be lucky than good they say, in this case 'they' are right. If you got stuck in this wash, it would have been very hard to predict that news so I wouldn't beat yourself up. What I can say is I think this is an overreaction and I'll be a buyer again soon but waiting for the downgrades to filter out the sellers and then I'll buy again.
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