Why im still in TIE

my last post mentioned a possible sling shot trade in TIE. I said i did not want to see it drop below 33.50 with any conviction and it did. I should of got out right there with a small loss. However i did not. I have a couple reasons why i did not exit TIE. I wanted to see its reaction after the gap fill, it filled the gap and had great intraday action the day after on some decent volume. Today it got hit down with the market. Now it is sitting on weekly support of the 50ma as you can see on the chart above. There is also a P&F chart showing TIE sitting on a long term uptrend line. I feel it has found some good support right at these levels. I do not think it will hold if the market continues with more 100+ point drops, however if the market holds strong i expect TIE to make a nice move up.