Thanks, I caught that when it was originally posted.
Still in a dilema as to what to do with these damn calls. I hate watching the naz run hard while I have positions dropping like a rock. Can the money be better spent elsewhere?? Do I sit patiently and hope we rebound ( remember, these are Oct 100's), do I buy more and average way, way down so I can get out quicker ????
Well, if I sell and buy something else, more then likely SNDK rebounds and my new position falters. If I sit patiently, it will more then likely be slow torture until they are worthless....if I buy more, surely, it drops to .50 in a blink<ggg>
Dammit, if I can't find some humor in this, then what the hell good am I!!! On a serious note, I really am perplexed as to whether I should bail, buy more or just stick it out. Half of me is hearing Tom echoing in my head how much he loves the story and a run to $100 is coming. In the other ear I hear Rick echoing to get out when a position moves against me. Problem is, this position has not only already moved against me, but it has kicked my ass. I Should have sold at $6 or $7 with a reasonable loss, but I didnt and now we are less then $3 and probably going lower. If I knew this was gonna recover even somewhat, I'd buy some more at $3 and average down, however If it's gonna keep dropping, I sure do hate throwing good money after bad money. Biggest problem is my crystal ball quit working on Jan 1 2000, I assume due to Y2K related problems and now I am just a lost sole in this market.
Keith |
