I added today a little bit. This stock doesn't give you my opportunities, so might as well buy the dips.The stock is 10% off its 52wk high, it could drop to the mid 25's or even low 20's but since I don't know that for sure I'd be buying the dips. The long term story for USG is incredible, I see the stock in the 40's - 50's by late 2013 if the housing recovery continues and USG is able to capitalize on it.
I agree remate. Technically we should correct to the 22 area..I am just not sure that will happen as the stock has been on a rip since June. The recovery will be the inverse of the decline meaning that it should be a lengthy mulit-year recovery just like the decline..
Nothing wrong with buying the dips,after all, what is at risk? A few dollars cheaper maybe? But does it matter if by year's end USG is in the high $40's or $50's?