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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (66532)5/18/2000 4:12:00 PM
From: diana g  Read Replies (4) of 95453
 
Re "... how does one simultaneously maintain max margin and continuously buy the dips and double down on a "down day" ?..."

I think Jim and I use the same general strategy irt this.
At the point in time of a dip in a particular stock I want more of, I buy. Assume that takes up all my margin ability to buy. Then I sit back and watch. As my stocks increase in value in the succeeding days, my potential to buy returns and increases. I let it grow while watching for an opportunity I like. Then buy again. etc etc etc

In regard to it being "..down day...", in addition to the above, there are two factors you're not considering---
1) It's not a down day for everyone.
My portfolio was up a bit today. Some stocks were down, like OEI, which I bought more of @14 3/4 <G> I'm sure others were in similar situations.
2) But even if one's port is down today, I believe brokers generally calculate margin buying ability based on the previous days close. Therefore, you could take a big hit today and still have the ability to buy based on yesterdays closing numbers.

Doubling up on a particular holding shouldn't be hard to figure the details of.

Staying margined and buying dips is working great, as Jim noted previously.

btw, what happened to the new Slider who told us he was going to give up the old ways??

regards,
diana
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