The long term monthly chart depicts the absolute crushing this stock has taken in the recent recession, but a look at the 60 day/60 minute bar chart below gives the glimmer of HOPE...
Bottom-line is if you've held through the recent downturn there is absolutely no reason to sell now. The $40 target may be a time to take "some" off the table, but I would do this only to reload for the eventual higher push back into the 60's.
I think it is pretty clear that the downward trend will be broken.Perhaps a purchase of some $30 PUTS when the $40 target is hit to safeguard shares. And then buy more common with the gains from the PUTS?
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