I have some stock I bought in the 30's, but I have a lot more I bought at 6 and 7, and a bit at 3.95. My average cost is obviously much lower now. The question now is have they turned the corner. The company was real quick to take its lumps last year and cut it's losses. IF they've flushed out the toxic loans as they say, coupled with the low cost of funds, and unfortunately TARP money, the company should post a profit this week. Remember, they've had 2 quarters of profitability in a row, and supposedly banks made money in the first quarter. If they're smart, they'll post a very stable repeatable quarter, while continuing to rebuild, give a stable face to the analysts, and go back to running the bank quietly out of the limelight. Stock will continue to fluctutate in the double digits, some days up some down. Great trading stock if you've the guts. Put some shares away for a rainy day, trade some other to pay for the ones put away and who cares what happens.
The bottom is ...not here yet. Much worse to come, no bottom to tourism, new jobs...things are just starting to get interesting. Hold on to your cash and get more if you can. I am selling my HI real estate and not spending any cash...Aloha. m