RE:RE:RE:RE:RE:RE:RE:1.39 barrierBuying on the way down hurts, but that is how I accumulated 150,000 shares over the last 12 months, which I believe is about 0.04% of the company. Last time was 30,000 shares at $0.90 in November on that pullback. When I saw it heading down to $1.25 on Friday I began thinking of buying more but I would probably need a bigger pullback.
In hindsight, I should have spread the capital around to at least WFG. This is a substantial position for me but I am extremely confident the company will get back to its dividend and share buyback ways and the price will be above $2 this year. This is also substantial unmarginable capital so it makes it twice as important that I have conviction. It should be at or above $2.50. Looking forward to some big fat dividend checks though by the end of the year.