Yes, dlewisfl I should be and almost always do avg down when a stock I believe in goes down. But in order for me to avg down I have to see the company fighting back and see some level of "anger and action" from the company. In other words, I want the company to be ticked off and insulted by the drop in price and I want them to take actions to fight it.
There are all sorts of things the company could do TODAY to pop and keep this at $5 or $6. Yet they don't. So if they don't care then neither do I.
They could buy back enough stock today to easily maintain this in the mid-5s.
They could issue a PR today with Q4 and 2019 guidance.
They directors could make open market buys.
The company could issue a PR and explain why the current market cap is dumb.
They could announce a smart acquisition.
They could announce a $1 special div.
They could announce a dutch tender at $5 or $6.
So, until I see the company fight a little, I will wait. And if they don't fight soon, I am out.
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