The question then is for most(?) holders whether or not to average down, thereby increasing their yield. For non-holders, in this interest rate climate, EPW at this price provides a tempting entry point by virtue of the yield. The old chestnut about buying when blood is in the streets, yada, yada, yada... has at least one mathematical truth about it: mean reversion:
This position is tangentially reinforced by chartist metrics, eg. RSI, Stochastics, etc.
HOLD
Depending on one's entry point the yield remains tasty. The risk of being whipsawed is there, each investor decides that risk. A dead cat bounce is in the cards, just as hunkering down is; perhaps with a mantra such as, "And this too will pass." Sucumbing to panic selling only works if you're early. If one is a lightweight then one can strut about above the melee with a sanguine expression extolling the professional virtues of NOT panicking. Uh huh.
SELL
Well I'm a holder, vaguely bullish, don't think EPW is doomed with open-ended liabilities; so no sell side argument here.
Inspired to dress up as a wraith. Happy Hallowe'en Holders!
OV
EPW Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
