It is still going lower but the the pace of decline has slowed. I'm almost ready to pull the trigger. I would like to see at least two small up days though, just to feel confident that there is support.
I like the fact that the yield is now 16.6%. But then, who knows what they will pay next time.
I decided to buy 1000 shares today at $29. I didn't hit rock bottom but I did not expect to. I may buy more if goes lower. If not then I will stay with these. I looked at the 5 day chart and things look pretty flat for about 2 1/2 days. So I decided that this was a good enough bottom trend for me. Hopefully I was not fooled into buying too early. Lately I consider these mREIT stocks to be 3 month investments meaning I don't expect to own them for more than one dividend period but then I'm not looking to sell them unless given a reason to. I'm just no longer considering them to be long term investments anymore. I guess the options people never did.
My other rocket stock, SPWR just announced positive guidance and the stock is up 15% today. Looks like I have another stock that I'll need to set stops on. I can't complain as these are the problems we seek to have. I also need to contemplate if I want to buy more. This is about where I was on Tesla when I decided to double down and I didn't regret it that time. Usually when these stocks get their Mojo they are good for at least a 4 to 6 week run. Lately owning some of these stocks is almost like owning options. But the down side is not as bad as there is no time premium to pay to someone else.
Count your blessings and don't fret at not getting in at the absolute lowest. I bought at 32 some time ago and have no worries. I'm in for the long-term and will be enjoying the Dividends through at least 2015. Congrats on getting in at 28.47.