Agree with you. But the bigger down slides have occurred after earnings misses or other caveats on the CCs. Management was gung-ho on the last one .... I see buying long calls when this dips mid to low 26 range. Probably soon from its failure to ride the market these last few days.
I kind of concur with your general approach ... but I think if youre waiting for under 27 you may have a long wait.
Yes. I am actually a fan of this stock long term and have a significant long investment in it. It is the only company I follow daily .... and I day trade it at times in my active trading accounts. Yesterday is a good example - options expiry. I think that the stock is highly manipulated and use that for very short trading plays.
Generally I think this company/stock is in a company-specific upturn and enhanced by a very slow cyclical recovery in building. Its in a nice grace period now following two nice 10qs. Definitely in "buy the dips" territory .... but that won't stop me from selling into the rips.
PS. Now that I have been "caught" you won't see any more of these Quickie-type nasties.