Bri: I do not think it will go below $2.00. Summer gas prices is one of the factors but not a major one. I'm mostly looking at the long-term supply and demand. Higher gas prices are here to stay because of the demand from India and China. I don't know at what price a stock will bottom or top. I'm mostly playing probabilities. So as long as i'm getting a risk to reward ratio of 3, I'll buy. i'm not going to wait for it to come down to $1.90 or buy it above $2.90. If I pay more than $2.90, then my risk to reward ratio becomes less than 3. I do not want to take such risk because in the long run after factoring for commissions and taxes I won't have much left. We do not know and cannot predict/control how high a stock will go. All that we can control is how much we are going to lose if things don't work out as planned. As long as the risk is within your comfort zone, take the bet.