If you should have bought more at 8 then you should have sold it all at 9.63. Some play the reinvest dividends others trade the stock. Some even swing trade this stock. We are seeing a run up for people buying in for the .1875 quarter dividend. If your staying in for the long term what has really changed from that 9.63 to the 7.92 level? Old school buy and hold is not being played by institutional investors and shorts. Most of the trading is computer models, the old when you buy what will you sell at move. There are many ways of making money in this stock.
I bought some shares at an average @8.39. I am looking to buy more for trading purposes if it comes down some. This has little resistance until about 9.17. I think this can go to 10-11 but 16 seems way out there at least in this market.
"HOW HIGH IS UP" .. is question that has plagued investors for centuries ... lol "
Based on historical data (yes an assumption) this stock peaks anwhere from 14-16 pps every 7 years or so. This is usually followed by a steep drop. I can't stomach the drop so will sell at least half of my shares if it gets to those levels.
yes you should have. I did but remember i have been watching this stock for the past 2 years and have a good idea as to what it is doing. Also if you use margin you need to glue yourself to the stock 24/7.