You may have hit bottom this morning at 27.20. This is the same company it was 2 months ago and 2 upgrades that have not changed their minds. In order to enjoy the good you have to endure the bad times, so it will be back to 32+ and those that jump in at 27+ will make out like bandits + get the 10% dividends. GLTA
i got a few at 27.35, but the key to what I do with my holdings is sell calls against it. Yeah, I I only got about $1 on average for for selling the March 30 and 31 calls, but the extra income softens these dips. And when this is flat well my return is closer to 30%. When it goes up I curse my self for being so conservative.
I will likely sell some April 30 and 31's calls as this gets closer to $31.
At this rate all the pain will be over in 27 more days, although I do think it will hold the dividend amount and not trade below $0.24. Seriously, have you ever owned a stock that goes up this much on no news and average trading volumes (at least until this morning).
This is a clear bear raid and I fully expect the short coverage ratio to be over 12 days when next announced. It would be nice if the management team started defending their shares and buying them up.
Management's silence after two weeks of cumulative dropping over 10% is ridiculous! They sure oughta do something to bolster up confidence in their company. This is painful! Not painful enough to cut my losses yet, but painful nonetheless! At least our dividends drop in tomorrow.