I did a similar research that you describe PSI, and bought in pre consolidation at low 7s, but at least had a stop loss at 7 just incase my plan did not work out. I was interested at the time in coal possibilities. I kept an eye on it for re entry, but in the mean time learned of managements associations, and decided that it would only ever be a watch from then on. I generally will not touch management that has links to certain type of associates, and guys like PL etc are near the top of my avoidance list. So I keep an eye on it only now to see confirmation of my theories on management.
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