I took a position in NIHD earlier this year, based on a sum of the parts as well as the potential for this company to improve their operating performance. In hindsight, I should have walked when this stock was in the $8-9 range. But at this point, my decision to hold or fold depends on my confidence in management to right the ship. They took the proper steps to improve the capital structure - now they need to execute. I just listened to the call, and the CEO does not sound like a shell of himself or unsure how we will improve performance. He knows what the problems were, has a plan in place to address these problems and sounds confident. This is a turnaround story - turnarounds take more than 2-3 quarters...I will stay the course - for now.
Stock has gone from $13 to $20 in the last 45 days, and you are whining like a little #$%$ because is has pulled back a bit. If you time horizon is measured in years, you have nothing to worry about. If you panic on a day-to-day basis, then you shouldn't be investing.