That might be just the time to get in.
I had the same thoughts, but I'm already up enough that I don't want to take any losses I was in at around 19 at the beginning of the year, I placed an order for another 100 shares early this morning just in case there were some good news to come out- bought in at 22.65, sold out at 22.55, lost a few dollars in an hours time, not much of a big deal. Still made out with over $600 on the upside, I guess I'll take that over a month's time without complaining much.
I had read that the CEO predicted that they had (using very fast and loose numbers) 30Biliion of cash on hand and if they sustained losses comparable to the first half of last year, they could operate for another 3 years. If they continue the trend of loosing 4-5billion a quarter as they announced now, and they only have 1/2 as much cash on hand, they will be deep in the red by the end of the year.
I still can't figure out why Kirk Kerkorian and Tracinda bought 250 million in shares yesterday.