Agreed, almost all of these low-end broker guys are either inexperienced, uneducated, recent college grads who barely passed there series 7 & 63. They have no wealth of their own, why on earth would I trust them with mine?
It's not really a buy & hold investment, the dividend isn't really worth it. I believe the bottom is in for now, but X has been a very volatile stock the past couple of years that I've been trading it. It's likely to remain so for the foreseeable future or until we get some honest recovery and real anti dumping laws. The recent drop in PPS is honestly devastating, materials and commodities are #$%$ right now, but I don't think we go belly up.
My advice, take your 8k and put it in T, VZ, MO or any big pharma. In 20 years or so, you'll probably have something like 30k tucked away for the kids. Not great, but not bad. Slow and safe.
I just doubled my position, too bad it was at $12 a couple of weeks ago. So my CA is around $15 PPS. But that's from when I bought it at $17 years ago. Rode it to $42 took profits, so now back to where I started. Plan on doing it again.