The markdown seems fairly reasonable to me. Not in bargain territory, but not particularly expensive either.
Given that the market is having a big 'up' day today, I think that the REAL bloodletting will happen tomorrow or on some other day when the market is in a less forgiving mood.
I just sold 310,000 shares that I paid some $350,000 for a couple of years ago for about $140,000. C'est la vie.
I'll get back in if the stock becomes genuinely cheap, but for now, I'll nurse my bloody nose on the sidelines.
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