I also expect some volatility...doubt we will ever see $11.xx again or if so it won't last. Next week is when shorts make some money and longs break out of the woods for their leisurely drive home to the estate in the country. If you have a little patience...this is a no-brainer. Demand will only increase from here and more ratings agencies will tell us what we already know. So at time it will look like a sell off for those taking money off the table, and other times the stock may jump 10+% on the upside. Fundamentals still say this is undervalued.
I appreciate those who have been working out the formulas...the only question from my perspective is how to play long/short on this. Even with margin costing 8-9%, a years worth of gains taxed at the LT rate still looks pretty damned attractive to me.
Though I hate using margin, I did buy again today. Just too tempting knowing what's about to happen.
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