Good example of 'getting out on the bounce'

I admit I held onto UUUU way too long - total fail. I had planned to get out on the first bounce after the announcement at the end of Dec. that UUUU was devaluing by issuing additional shares. I did not prepare and the bounce occurred without me. Another post here noted that more than 10% loss is increasingly difficult to recover. Certainly true on this one. I think at this point, there are many people sweeping this one off their desk. I'll be out on the next bounce (if it does occur) and just take the additional lumps with me.