I guess this is why they make earnings announcements after the markets close. You have time to recover your senses and not make foolish decisions. So I've decided I'm not selling with the crowd, and I'm going to cost average it down. I think this sell-off will be way overdone, and there is a stable business behind yesterday's bad news. I will make this a victory.
No, actually I'm sorry to say that I changed my mind. When I got on this morning I was only down 10% on the position so I went ahead and dropped it. I had a couple of earlier profits on this company so I'm going to go ahead and call it quits while I'm ahead.
I'll check in every now and then, but I don't think I'm bringing in new money for more than $4.50. Probably just going to stick to the world of dividend growth for now.
Sorry you guys got caught holding. Management continues to do a terrible job with guidance and apparantly running this company. I sold all of my shares over last few days as it ran up to upper end of its trading range and I felt like it was just about fully valued.
This stock could trade down under $5 and the range is likely between $5 and 6 based on lower estimate for next year. I would not suggest adding until you get down close to $5 or even below possibly.