Re: This does not bode well//quite the contrary - LL
in response to
by
posted on
Jun 12, 2008 12:03PM
FWIW, If one is trading for a penny swing on these relatively low volume days, I feel sorry for them. I am, and have been accumulating, building a position over time at or near the lows, for the most part, and find it insignificant to worry about the difference between .10 and .105, although I prefer to get the lower price at that moment in time...human nature.
That being said, with patent litigation moving forward, there will likely be ample opportunity to sell at higher levels with much more significant percentage gains.
The more I own down here minimzes my concerns regarding the high end exit.
Anyone remember having bought 100K shares for a dime and selling it for $10? Did you care if your cost basis was .10 or .105?
My point is, it is more important to have a sizable position staked near the lows than sweat if you got in at the ultimate low or worry about an intraday swing of 10%.
I'm happy with my buys today....but if you know where the absolute bottom is, I'm listening.