I only became a SH in the last year or so as well having watched...

I only became a SH in the last year or so as well having watched it soar to around $180. Once the stock fell 30% from its highs I got interested and I purchased between $95 and $125 hoping to add more sub $90 (was too greedy). Now I'm regretting not buying more sub $130 when I had the chance and was too anchored on sub $90. I know the stock is not cheap but the moat it possesses and the traction in India (which excites me the most) might make REA a long term buy if it gets back to sub $150. I'm certainly considering it and I think it just depends on your time horizon. THe further out it is the easier it is to buy a high quality company at a premium price.