It depends on your goals and time horizon.
If you have other stocks that are non speculative, than this is a good point to pick up some AVL.
If it's the only one you plan to buy, there's better stocks out there that actually have PEs and pay dividends in the 4% range to boot.
Sandridge (SD) is a better near term play that's improving it's cash flow each and every day. While it doesn't pay a div, it's spinning off IPOs that do (SDT, PER).
The parent (SD) is able to self finance expansion capital/pay down debt from these assets that unlock revenue.
Div stocks and funds I like are TICC, RWT, SLRC, HIX, FSC, HIO, MFA, WY, all of which got pounded on the pullback, so they're all buys.
I just picked 600 shares of TQNT up on todays downgrade and will pick another 400 up if it drops lower.
Tech has been pounded for a few months now. SWKS, FFIV and TQNT are techs I like that that got pounded that should rise for the next six months.
I'll hold TQNT until Jan-Feb and sell, taking advantage of the tech cycle.
I've traded it three times in the last few weeks on volatility, and will enlarge my position as we enter Sept.
Quoted:
This thread has been cold for a while.
I'm looking to jump back into AVL now that it's down to approx 4.50. Does anyone expect to see AVL recover and get back up to the 8-9 range?