. >> at that valuation it looked like a three-legged unic orn. >> without a horn. >> this strategy makes sense. you are buying yourself a reasonable room of profitability on the first put spread and then to the down side. this is a stock that was tough for me. i had my best trade from 35 to 50 and the worst from the low 40s to the mid-20s in the second half of the year. sentiment is atrocious here. and in a stock like this in a market we could be going into it, it overshoot on the down side and that is where he will go next. >> i don't think so. if someone asked how are you doing? down and to the right. everything is going down to the right. it was $74 and now here it is $22 it could go to 8 or 16. so buying a stock is something in a down trend and saying today is the day. >> other key levels? >> no. what makes a level is where a stock has traded it before. if you never owned it before, you are into the ether. >> and why would you say 16 as attractive to some buyers out there. isn't there is the fear it would hit that level and it is a broken stock nobody wants it. >> and that is why we