Vendor,
Imagine the thoughts currently going through the head of the long term guy who picked the bottom of SLR in mid 2012 and had been avergaing up towards $4 and didn't/isn't employing any stops because he is a long termer. You can even go back further and consider the guy who has been around much longer and was able to pick the bottoms in 2009, 2010 and 2011 and had been accumulating/'averging' up.
fantastic market reaction, page-94
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