I feel for those who got shaken out at $1.77.....
I think you need to know the stock you are in, why you are in it and set a stock specific trading/investing strategy.
If you are simply trading and don't care about funamentals then that's one broad way to play it. However if you believe in the fundamentals, everything from management to drill results, cash, market for the commodity etc, then you could trade it differently. It's a hard one and can be a bit scary for some at times particularly if you have recently gotten on board at these levels.
Good to see the volume at the lower levels today being quite low so has not eroded or lowered the floor much, if any, which would appear to be North of the $2 mark at this stage.
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