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Technology Stocks : Wolf speed
WOLF 21.85-1.1%12:20 PM EST

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To: D. Swiss who wrote (2225)2/21/2000 5:43:00 AM
From: unclewest  Read Replies (2) of 10714
 
what would you say is a good entry point for CREE?

i am not good at that.
i average in...always!

usually i buy up to 1/3 of my position where a stock is the day i pick it. that way i am in if it runs. i buy the rest as i continue to do dd, hopefully lower but often higher. i like to buy some on a real bad market day or a big dip.

i have never bought a stock at the low. seems everything i buy always goes lower after i get it. i do enough dd that i am comfortable adding at lower levels.

a friend and i talked about that yesterday...many folks buy the right stuff...become distraught when it dips lower and panic sell. books have been written about selling after a 5 or 8 or 10% loss...i do not do that. i am very careful about my selection and see dips as opportunities.

this game is played, like football, in two 1/2s.
to be successful you must play both. the first is buy low. to me that means buying on bad days and dips.
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