Bout this a couple weeks back at 75. Fell almost straight away. I feel strongly that this will continue to 100 in the months and years ahead but I really wish I had bout at 69 instead! Thought about doubling my position but I am the sort of investor who doesn't average in. I already owned too much to consider adding.
Just me complaint, go about your day... Well, complaining.... and being thankful for the quick recovery
You will be fine imo. You might consider some calls ATM for or OTM for Jan 16, You could double up a lot cheaper and even write some OTM calls on your current shares for March/ April to help finance. If it gets called away at say 80 it would still be a nice trade and you could sell some puts to share build and create some income. Just saying. The stock was broken but the company is not . In fact it is the best of class and my target remains $100 in 12 months or less.
I wanted to add some ATM Jan 16 almost perfectly at the bottom last week but didn't pull trigger...... As it is I have some Jan16 @ 50 due to my belief we will see 100 in the time frame you mentioned. I am not as much of a trader as you seem to be. I keep it fairly simple. Maybe when I retire I will learn more about trading to create income.
Anyways; I am fairly encouraged by that healthy little pull back by the market. Wish I had timed it.
Hope we are right about 100. I have ear marked the earning for a Jamaica trip :-)