re: my plan:
Random ST volatility, IMO, will allow me to slowly accumulate shares on the dips, while getting out of my higher-cost shares intact. The only way this doesn't work, is if we plunge to new lows, with no rebound after. I think the risk of that is low. Even if we get war, oil boycott, and renewed recession (= worst-case scenario), I think CSCO will grind slowly down, and then rebound sharply on the first whiff of optimism. In the last 2 big dips, the stock went from 13 to 24, and from 11 to 21. That's a near doubling. So, I'd say it'd be reasonable, after the next dip, to start lightening up after a 50% rebound, from wherever the lows turn out to be. |
