1.17 must be a buy ... or am i stupid.

Well, ROC is finally off it's lows. I went through their report yesterday...The hedge book loss has been a bitter pill for the results. Everything else looks very favourable. Net cash flow of $81M...debt of $130M +/- (i.e. very manageable). Doubling of reserves with merger; + development upside. Hartley's valuation at $ 3.40 (take that with a grain of salt)

My av. price is $3.15. So I'm already stupid, but this coy. has been ABSOLUTELY hammered! That's fine if it was a specy explorer, but ROC has reserves and produces!

I don't want to be doubly stupid, but it looks a good time to get in and av. down, and try and save something.

Any advice; as I have lost faith in my own judgement of late?