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srains

08/28/18 2:36 PM

#3218 RE: jugs #3217

I hear you. First, I would always recommend for folks who are looking for advice to trade on and you have a choice of going with what I say or what Jugs does, go with Jugs, he knows far more about this than I do.

I do not disagree that the Traders out there may drive us down to $11.90 or lower. My thought is, they may but I think they will be facing a smaller pool, who will want to sell. I think we may have had enough good news over the last 6 to 9 months that people will want to hold what they have and maybe pickup more on smaller pullbacks. Combine that pure speculation with my belief we are going to $15 in the next 12 months, I am happy to pick up more at $12.05. I think it will be harder to break through $12 than it has in the past. I am even thinking about buying 250 @ 12.25.

My last thought was, while we may be facing 4 to 6 more weeks of weakness in price, all it will take is 1 good upgrade or a positive Analyst article and we go back to $13.25 in a heartbeat.

Again, if I believe the div is safe and the stock is going to $15, purchasing around this level or a bit lower is a safe play.