I have held two stocks for several yrs now - UNI/UNS and AZZ. When UNS went down from 2.79 to .14 I topped up all the way down and went in hard in the 20-30c area on the rebound.
Unfortunately I never topped up with AZZ as it went to 4c and back to 85 and then down to 30 and now back to 50's. I switched about 400K AZZ to UNS in Oct 2012 and Feb 2013. Couldn't see AZZ going anywhere this year with little drilling going on. I can't see AZZ going north of $1 for a year or two so I'm getting out. Just hoping this LOI happens and I get out. 80c will give us a couple of cents profit. Cheers
AZZ Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held