After the route of some stocks now is the time to speculate short term trade and or buy for the long term.
Companies that are in the high light for take over targets are very under valued now and any large company that has cash will come in and try to pick them up for the cheap.
One such company is Monster Worldwide (MNST). They are one of the best performing companies in the online line businesses - jobs. They are the largest and best but its a niche. Therefore a large conglomerate will come and pick them up someday. The stock traded as high as $54.79 and now is $35.80
Buy some now and wait for the move. Put a stop at $32.00.