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Message: Still Chugging Along

Still Chugging Along

posted on Jan 12, 2009 04:41PM

Have to admit, I got into this issue on Schacter's repeated recommendation but when it dropped off dramaticly I really didn't place the blame on his doorstep. More of a global phenomena plus something specific to gas plays.

Did a bit of a timing thing in late October and "averaged down". That of course is something the "experts" say never to do. I agree that you don't do it solely for the sake of having a lower b/e because if this issue has no value you are just throwing good money after bad.

Thought I had really made a wrong turn when the stock continued plummeting but held on. For the moment things seem to be swinging around and have now risen back above my October price. Need more to get to full b/e but unless something dramatic happens plan to hold for a while.

Lots of fun watching all the games, thats for sure.

Onward and Upward

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