I hope you are right. The stock had a terrible day today, down 3.7% and making new lows with every tick and closing at the low for the day. It feels like we have a down draft yet to come which will take the stock well into the $8's - this will represent the RSI low and then we have a long rebuilding process to follow. It led the refiners down today and volume accelerated into the close. It may bounce like some holders are saying but the question will be from what price does the bounce take place. You have to admit, it looks like it wants to test some lows in the mid/upper mid single digits.
Tangible book is as 8.5, and the co. looks to be in much better shape that it was 2 years ago..
I am adding in small chunks right now, if it goes below 8.5, it will be time to loadup.
I have added this in 6's and unloaded most of it in high teens and low teens earlier this year.. looking to get back in.