This is a volatile stock.In April/May 05 it dropped 26%In Oct 05...

This is a volatile stock.

In April/May 05 it dropped 26%
In Oct 05 it lost dropped 10%
In Jan 06 it lost dropped 10%
In May 06 it lost dropped 14%

Following these drops it has always made new highs

This time it has dropped 16% from its high. Normally I would confidently say it is near a bottom, but world events have complicated the picture.

In any case, when it does find a bottom I expect a quick rebound back to $12 plus. Despite the current world events, the earnings outlook for this stock remains strong in my view.

I sold half my holding at 11.50 on the way down and will buy back when it stabilises.

Mark