I've warned people not to buy in recent weeks as the company is trading below its moving averages, but a day like this reminds an investor this is not a 'safe' play company. Though it's also quite likely most investors realize this already, I think it's good to remind people that with stocks like this, wait for a deep pull-back before entry. I said a few months back to wait until the stock broke below 200. I stand by that.
The stock hit a low of 202 today. Its quite possible the stock could see a sub-200 print quite soon. Watch this one for continued weakness. I'm not a buyer at current levels.
Short term rating = HOLD
Long term rating = HOLD