hey rfh---i believe in the AIM glossary, there is the word "strewie." in total frustration a couple of years ago, after once again not following AIM's advice, i wrote to tom about the word i had coined to explain away those times when you just plain "screwed up!" combining steve with screwed up seemed like the perfect elixir at the time to help me have a way to identify my shortcomings.
there is nothing harder, imo, than to step up to the plate and order lots of more shares of a stock you may already be upside down on. in some cases, like DROOY, LOTS of more shares.
i've got a similiar situation going right now with PETM. i'm trying to limit my buys to once a week as the stock takes a beating because of various situations. i owned lots and then I had two AIM directed buys which i went along with and now this week it's telling (asking?) me to buy another 50% of my total shares held already. i'm probably "strewing" by only buying 1/3rd of what AIM's directing me to.
but, one starts to doubt the viability of the holding when one gets these type of massive buy signals. the basic AIM tutorial reminds us that a company will cycle but that we must be sure the companies basic fundementals have remained the same. their is the kicker. sometimes we're squinting so hard over these signals we can't see clearly if the fundementals are still in place.
i keep a couple of reminders in my AIM account of those holdings that have drifted down to the level where the AIM buy signal was in the mid six figure range. i also keep those where i have not followed AIM's signal and can see vividly, just how much money i "left on the table." i guess this is just a long way of saying if the companies basics are still there, you must keep AIMING!
however, i can empathize with you ist hand, just how dificult that can be.
regards,
"strewie" steve |
