I resisted at 21, resisted at 20, but had to buy at least a little at 19.39 LOL!
I took all my arguments to heart and bought 226 ACAS today at 19.39...missed the low. In fact bought on a mini spike. I sold a 'distressed' preferred stock that had recovered 17.8% from my basis in just under a month. It was yielding 12% with some questions about how solid the cash flow to cover the dividend might be. Enough doubts were there that I considered which horse would I rather have that money ride? Considering the managements, and the cash flow, I sold the preferred and bought those 13.6% yielding ACAS shares.
I'm viewing this as a pre buy on my drip shares, and a likely trade. This may not be a bottom, but we must be getting close. At some point I'll clear 20% on the trade..23.26 isn't that far to go on a valuation basis.