oversold or not, page-12

astonea,
depends on what your long term outlook is, ABS may hover sub $3.00 for a long time, eventually may get some growth in share price back towards where you perhaps bought the shares. Hardest thing about shares is to take a loss to avoid a bigger loss. Look at situation with Telstra, shareholders may have to hang on for 10 years before the share price surges but this is what most smaller shareholders will do.
I will tell you what will happen, when share price falls so much as ABS they always find a way to spin positive news of some sort, you are right, sell on the next price spike, and then wait for the next real support level for the shares, perhaps at $3.00 as I find that it is always a little above what Clime recommends and then buy back in, this way you may break even.