Re: The usual clarification
posted on
Apr 29, 2008 09:18AM
My sentiment in my earlier post was that the term "averaging down" may have been more appropriate than "buying on the dips". It is an important difference, I think, because this slide may continue. If one is confident of this, a better strategy may be to sell here and buy back lower. Note, I am not selling now. I did decide to heed the suggestion of some who actively trade, and I sold about 10% of what I had at ~2.20 and bought back at 1.80. I thought that was a good deal, but obviously should have waited. The question is, should one repeat that strategy? Probably not, but realize this could still go lower. Again, I do think good news is coming soon, but we may also have to endure more pain.