I agree with you, if Fred finishes a strong 3rd, and if Romney wins Iowa, he will be in a better shape than ‘yesterday’. He will then need to compete against Huck in SC.
The bottom line is Fred has to finish in 20%+ to stay competitive.
Newbie, if Huckabee crashes and burns in both Iowa and NH there won’t BE any competition for him in SC. Media bubbles are a b-tch that way.