John, this too shall pass. A columnist for Newsweek once wrote, "I let time fix my investment mistakes."
But, since you asked, I'll answer. We all want to lunge in and average down just to make the pain go away. I'd suggest waiting and watching. Remember, we don't get ANY GOOD NEWS from here on out for 3 MORE MONTHS! You have to ask yourself, if that earnings report last week didn't make REGL go to 50, what will?
This is not a favorable "sentiment' time. Don't accept that for REGL, a price in the 40s is a given (which you'd be doing if you averaged down today) This puppy could see low 30s before the turn around...but...it's a great company. It will be back!
By the way...Regal bashing, as you may know, has been all the rage this summer, and now Forbes Magazine has jumped in, assaulting Regal's FunScapes as unprofitable. To tell the truth, I DID notice that the earnings release, for the first time, made no mention of them. |
