RE:RE:RE:RE:Is it time to buyhi dean - as per my previous posts my plan is to buy in $.50 increments as SP drops. i dont know where the bottom is but i feel there is increasingly good value here.
as already posted i believe $20 SP possible but who knows - not me anyway. i also believe it will snap back very quickly so the bottom will be hard to identify until after a major move. and given some expectation of a sale even more unpredictable.
i sold most of my lb position when it popped into the 40's so i have lots of dry powder to buy back lb and my current portfolio is almost 80% short term bonds so i have some maturing almost every month.
also my gut tells me it is time to start moving back into stocks. so for me the only constraint is to not have too large a position. your posts suggest that lb is not a safe stock - do you really feel lb will fail or are you shorting?
so to answer your question yes i like it - "giddy" might be an overstatement. i will not like it in the teens.