Four years later, and I guess it is a good thing I couldn't buy ZWB. I would have watched ZWB go way down then back up to break about even in absolute terms (and behind due to inflation in relative terms). Of course, the real down-side was opportunity cost. I would have collected the dividends and calls along the way, but this is during a time where the stock market went up 100%. In hindsight, there were many better places to put money.