I'm curious if you would buy at this level or hold off for now. If holding off what would you like to see happen before buying?
Thanks-you.
Negative momentum would be the main issue holding us back right now. It is down 18% in November alone, and with the 3Q 'miss' and the big negative shift in the energy sector, it is hard to step in aggressively without at least some stabilization. BIR is down 34% this year, and could also still see a bit more tax loss selling. A shift in momentum is never easy to time perfectly, but in this case we would be more willing to pay a bit more if the stock price can at least stabilize for a period of time. Without this, we would be OK with a slow beginning accumulation of stock if it moves close to the low $6 level.