Why I didn't sell at 20 when I had several chances will always serve to remind me that a little profit is always better than a significant, and painfully prolonged, loss. Usually I avoid the concept of averaging down, but this stock seems to have reached at least a near-term bottom.
Am trying to avoid being overly optimistic. But at this point, don't you realistically think that there's more upside than down? Unlike the usual maxim, it seems to me that right now "change for its own sake" means a change for the better. ANY action is much more likely to be positive than not; only inaction could prove disappointing ... and, ultimately, deadly.
As far as for having a strategy, how do we effectively operate without one? (This is not a coy reference to surgical operations, BTW :)! )
Along with Annette, I honestly believe that some positive momentum will register soon (ideally within the next two WEEKS), but am giving them two months in an effort not to be totally heartless. Maybe it's the philosophical equivalent of financially averaging down. After all, the stock market is part science and part psychology, two sides of the coin of human nature. If that's being overly optimistically, turn me in to your local numismatic dealer. |
