I own NOT in 3 separate accounts.
(Well only 2 at the moment)
2 accounts are for long term hold, the other which is my cash account, is for trading such scenarios as this months.
Who knew where the price was going? No one. So having the flexibility to make a little on swing trades is the only thing keeping my hair from completely falling out.
As it pulls back here, I will buy it back, if I am out and it flies...I still own some in the other accounts.
It is win-win (most of the time) I am sure you can guess which account has made the better gains? But in many other positions, it is the long-term holdings that fair much better.
To each their own, but it never hurts to play both sides. Support is .63-.65 I dont suggest waiting for it, but buying back at a few key supports on the way down is my strategy here.
Always long, but also a swinger...
Good luck as always
GS40