It's at it's 1 quarter moving average now.. I"m licking my chops to get in at the 1 year moving average at around 20... CJES has in the past gravitated back to it's 1 year moving average, but since it's so undervalued perhaps this time will be different. Management selling shares and the overbought overall market makes me want to wait to see if tests the 20 range again. In the long run, getting a 10% discount on more shares shouldn't make a big difference. I'm a CJES believer..