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Message: Re: When to buy more?

Jan 16, 2008 08:57AM

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Jan 16, 2008 10:11AM

Yup GRW turned out to be a mistake, but I did my buying for the right reasons and am not sticking around that story waiting and hoping for a recovery.  The funny thing is that I put up with some flak on the GRW forum for daring to suggest that it was a risky gamble that may not work out, and someone brought up my selling of KXL as an example that I did not know what I was talking about.  Well now KXL is down below the levels of the last time I sold some.   I cannot tell the future, and neither can anyone else.  I just try to behave in a way that protects my capital and leaves me some leverage to upside if the gamble goes in my favour.  I always considered GRW to be a trading play, but I have always maintained a healthy core position of KXL.  I am not happy with the trading this week in either stock, but at least I am working proactively to get the most from my participation in them.

Better days are ahead...

mike


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Jan 17, 2008 11:58PM
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