RE:RE:RE:Ceiling for buying?
The way I look at it is this: i see this as a minimum billion dollar company. Recent deals in the sector say to me that a company with a moat, few liabilities, huge loyal user database and with the tech and approvals to run a book is worth potentially much much more, but i consider a billion to be there for them in the reasonable near term.
So if I set a billion as a comfortable goal, we can loosely call that 3 bucks a share. Also, note that I agree with monopoly that averaging up should be nothing to fear if you are investing in a great company.
Now dont take that to mean that I am saying buy at any price. Ive been lucky to have taken a large position in the .20's but I also added in the .30's, .40's and my last add was .57. I agree with MR that the stock seems to move in fits and spurts and i tend to add when there is a swale using boards like this as a litmus test when people are groaning saying that they are out etc.
So for now I'm sniffing at adds on the next bout of pessimism but with all this in mind I wont mind adding in such a fashion all the way up into the 2's.
Best of luck and happy new year all