Bottoms are often (but obviously not always) made on these really ugly days.
I remember the last one at a $2.02 low last year quite well.
It closed that day at $2.26 and rallied to $3.06 within the month. A 50% gain in 4 weeks.
I think this is now an outright buy- short term, med term long term.
Ann: RIU Presentation - February 2013 , page-40
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