I put in about 1/3 of my (lame) portfolio in this at about $1.60. I'm in my early 30s. I'm hoping that this funds a good portion of my retirement in 25 years of holding it. :Z We shall see what the future holds though. If it gets back to 60 or 70 in the semi-near future, assuming a semi-stable dollar worth, retirement at 55 success. :)
I have been in and out of Fannie and Freddie so many times they are starting to look like my girl friends. I have only once been 100% out , and try to maintain a core position of one third. I have received the free ride warning six times from my broker but have yet to be put on probation.
That's what I have done as well although I do admit to day trading this twice this year. Almost lost all my shares too doing it. So now I just buy small amounts and whittle away at the day traders inventory which is what I am hoping others are doing as well so that eventually we get some stability. I do think that we need to be way north of this price otherwise there will be pandemonium when the feds do release us. And release us they will - Next year is my guess. The whole reason DeMarco has kept us in this state is because he was hoping for some type of congressional action and now that there will be none anytime soon, the sweeps are just too perilous from the legal standpoint. So if it does dip, I have a line of credit and no debt and lots of friends that are waiting on the sidelines - bring it on day traders