So, at almost $12.00, I might hesitate opening a position. One way to attack the problem is to write out-of-the-money put options, but buying on a dip is likely easier. Pick a floor, put in an order and wait it out. If P never dives again, there will be plenty of upside to support an entry on the way up.

It's just a developing story. It's long-term. It requires patience. It's not going to happen overnight, but, when it does, the believers will crawl from the woodwork.

-- Written by Rocco Pendola in Santa Monica, Calif.
Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.

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