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Message: Re: retracement

Aug 07, 2008 05:24PM

Aug 07, 2008 05:45PM
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Aug 08, 2008 09:37AM

Robbertop.... taking half your position out likely turned out well, now in retrospect (hopefully you took it out when the price was a lot higher), but if you are planning to get back in with the same $$ or number of shares, don't wait too long and miss it. By now, when you can buy at today's levels, you should be able to feel good about having made some gains. Now, if you figure on buying back at $1.45, for example, so as to gain yet another .13 per share, you might be lucky and get it, but if you don't, you could miss out on the growth that WILL come on those shares because you might not have them at all! JMHO.

Of course, we make our own best efforts to find the right points to buy in and sell out. I just know from experience that trying to squeeze just a few more pennies out of a play is sometimes counterproductive and results in lost dollars.

NL



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Aug 08, 2008 10:23AM
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