For the chartists if you run a trend line from the major low on...

For the chartists if you run a trend line from the major low on 8 August 2011 and the major low of June 2013 (they stick out like a sore thumb) and follow the line through, the low of today sits right on that trend line.

The way I see it there are two ways to trade this.

1. Buy and put in a tight stop below the trend line making sure to size the position with the amount of $$$ willing to lose on the trade.

2. Wait and see what happens as it looks like it could go lower which my indicators are also showing and wait for a possible entry at a lower price as a value investment.

I am going to take number 2 as I am watching this company for a possible long term entry but am patient enough to wait for the opportunity if it ever arises. Was thinking of buying this a few weeks ago to hold for the long term but didn't as I put my money in another stock that I deemed a quality company in a sold off sector which has possibly bottomed. Glad I did as that stock is up 15% from where I bought it.

FB did you end up shorting this?