every dog has its day, i've been buying every point down since 17 after getting out of my stock after last years decline between 22-25.
this is fucking painful, but then again, most stocks are getting killed.
this is my new 5 yr bond...i'll get a big yield for the next 6 months...then hopefully the credit crunch will ease and they will back in business with some huge opportunities based on the whole mkt being in the dumps.
at some point, what they own, will be worth more than what their stock is indication..i think we could already be at that point...net asset value will become the new term with these private equity companies.
Hang in there. I bought a little more today as well but unfortunately, this stocks keeps getting killed. Long term this stock is a winner. I think the PENN deal may have an impact as to why it went down so much today. Dont know if the PENN deal was a wise decision back in June.