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$PIPPIN It hasn't bottomed out yet, and the chips are loosening significantly. In the short term, it's likely to trend downward in a frustrating grind. Only after a wave of accelerated decline and panic selling emerges will there be a true signal of stabilization and rebound. For now, watch more and act less; wait for the right opportunity.
One sentence: Short-term bearish, wait for the accelerated drop to finish before going long.