Relax, I bought at 13.5 and still hold. I believe in this bank more than US banks. Especially they give great dividend.
I also add january call @9 for 2.80 last time, it's in red now, but I believe it may reach not far from there at expiry
Well right off the top, the first sentence I read, were they do business, you have to ask yourself, there buisiness is done in the most fragile of economies for the most part. What side are you on, if it is not a full recovery then you should look at this as a mo mo play for the most part.
Well first off I am not invested yet, but when you ask yourself that question my first thought is why are you in it in the first place? Truthfully answer that question and you will know what to do now. Don't Procrastinate.
Hold and collect your dividend is what I plan to do. If it bothers you that much, quit watching it or you will panic and do something stupid. Try to get your mindset away from the "herd" mentality.
From Buffett's 1994 shareholder letter:
"Indeed, we have usually made our best purchases when apprehensions about some macro event
were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist."