Stock gets killed. Bad article gets put out, stock gets killed. Good earnings get put out, stock goes up slightly but then gets killed and retraces back to the price before earnings were announced if not lower. Bad earnings get put out, stock gets killed 4 times harder. Any other store that puts bad earnings out, regardless of whether it's related to said store or not by market share or class... Stock gets killed. Market makes no sense at all. And I'm pretty close to selling everything and taking my profits and never looking back again.
I hope you're being sarcastic. MHO. High 70s sell looking pretty good right now. And I'll just take that money and add in the 50s if she goes there.
But you're not including the increase in stores from merger and thus increased revenue. Hello? Not to mention reduced competition.
I did sell about 1/4 of my position in the high 70s though. Guess I should have sold a little more. At least I took some profits.
I've been holding and adding since 2011... so I'm really not that concerned. If it holds in low 60s, great. If it dips into the high/mid 50s, then I'll be adding again.
I'm not sure you'll get it for much lower than the low 60s. But there sure seems like a lot of pressure today.