It's like pulling teeth, I had to settle with 50 shares here and 100 shares there. I managed to buy back half of what I sold. I will consider adding if it should drift toward $6. Probably not going to happen though.
Added at around 6, now a full position. The entire valley's employment looks like a disaster zone, yet, Central Valley managed to keep its head above water. Just imagine the time when things get back to normal...
On a day like this, one's happy to own undervalued CVCY. As a matter of fact, I wish I could pick up some at $6.21. Central Valley made good progress in 1Q10 and earned $0.13. I think it has potential to earn double that.
May was a pretty tough month for regionals, so I'm sure there are some better buying points now. However, I'm concerned that the market is going to be nervous on economically sensitive stocks for a while (probably until earnings). So I'm happy to wait on the sidelines and just identify some potential good ideas.
Remember to buckle your seatbelt. Market volatility is going to be with us for a while!