Be ready for $4, page-53

Didn't say overpriced just stretched. A slight different but an important one. For me stretched is that it's near the top of my IV. I had a range of $4.80 to $5.15. So not far from my top - "IV is getting stretched". It also depends on your IV. I've always been conservative with my margin of safety and return risk percentage. It could be worth $5.80+ but I factor in a large margin of safety to ensure I get shares at fairly good prices. It means I miss some good buying opportunity though. If I didn't use the approach that I use then I would probably have bought in the low $5 and now been 15% down. Instead I'm 15% up. I suppose it's what works for each individual.