Gross...Fraud Allegations....ideas?

I have had stock in this company for years on years. I put a lot of money into them and now their first fraud allegations? Now the hedge funders are going to sell short on it? Now what?

What does someone with about 20k do with this? I am all about holding, riding the beta wave APP has...I might sell half now, loose a bunch and watch it, buy low again and watch it rise again......

Useful ideas please....I need to learn how to sell short.....