Have 600 shares already - 50% at $16.50 and 50% at $17. I hate chasing a stock as it is going down, but I'd like to recover in a year. Not willing to put more than $4K into this. What would you do???
I have over 3700 shares and a average price at $17.72, and at this price I still get a return of 10% plus. I let the dividends accumlate and cost average downward and the new shares are bringing a return of over 12%, and that is hard to beat.
Hold. Current price should hold for rest of 2013 based on Fed policy. Buy more if it goes under 14, which would be temporary. Or, sell now and buy back if it drifts lower before next divvie -- that might be the best way to get some of your losses back quickly.