Most definitely, just like Countrywide, Citigroup, E-Trade, AMBAC, MBIA.......
They all fell off cliffs but had BIG pops on certain days before proceeding to fall further. The problem is that you go into the trade with a lot of fear and it's tough to stay with it if it falls even a few cents. It makes you say "WTF did I do? I'm getting the fvck out" before you get a chance to catch the pop.
Basically if we can find ranges that we're pretty certain about, then why would we risk a potential dangerous trade.
I wasn't picking on ya Ron. Just saying that catching falling knives ain't in my repertoire (sp?)
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