IS RACK DONE? OR CAN IT DROP ANOTHER $10?  

These type of plays usually bounce back a bit.

As long as you don't get more catostrophic news or earnings.

I think you should hold to see if you can get any of your losses back.

For like the next week or so. After that it should consolidate.

Did you get in this before it dropped?

If you are looking to get in now I would really wait for this thing to find solid support. When a stock drops really hard like that IF you can catch the bottom you can usually play it for 5-10% easy, but don't hold it long because it is likely that it won't go anywhere or just continue its downtrend.

Look at the chart....no real support until really far down!