No rest for the wicked.................I tossed around the idea of covering my short today but didn't. It got down to the price range I figured it would but it got there with more speed than I thought. My original thesis was it would get here, rest for a while before heading to the $5.45 - $5.50 range before heading to the $5.00 range. The fact that it dropped to the $5.50's so easily gave me pause and I think I will stay with my original plan. I will keep it on a tight leash though, just in case.
Once again, you can hate the market or hate the company or hate the management but there is still money to be made. This is a good company with good assets and decent management that has sentiment decidedly running against it. Why fight it. It's like trying to swim to shore against a rip tide. You're not going to win no matter how strong a swimmer you are. I will keep going with the flow (that would be down) until it reverses.