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I think wait until the next major down day -- could be 500 to 700 points, you just don't know -- and then start nibbling. I've tried to do this with DWSN and CBI with some success. The market may yet go down more from here, but my personal guess is that we're within a thousand points of a bottom. Of course, that may be another 25% drop for many GG picks, so being "within a 1,000" may not make it the best time for a move.
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