<<is that it presents fantastic buying opportunities.>>
Tom, no offense brother, but I am sick of buying opportunities GGG
All these buying opp's are gonna make me go broke !!
Seriously though, I sure hope your right. The problem I see is you mention "just keep buying on the dips". What if you can't? What if you buy rmbs at $80 and it drops to $35. Not everybody can just keep on buying....and even if you could, would it be prudent? I did that with elon..started buying at $105 and kept buying all the way down. One of the biggest baths I have ever taken.
Anyway, I guess my question is, what kind of a bottom do you see on rmbs? I, for one, cannot buy at $75, $65, $55...and so on....I can only afford to buy maybe once and then average down once. I took a couple positions the other day....first thing monday. Naturally I got the freakin Jan 100's at $16+. Then I bought some stock at $71.50 and covered with Aug 75's for $5.00
First, I am hoping the rmbs gets called in a couple weeks at $75, but my feeling is that it continues to go down with the market. The jan 100's I paid over $16 for are now $10, I think. I'd like to buy a couple more to get that average cost down, but I must try and time the buy close to a rmbs bottom.......do your angels have any idea. I have some orders in at I think $6, which may seem like a stretch, but at the same time, if rmbs tanks, those babies may just be $1 or $2.......
You seem very high on rmbs obviously....what do your angeks think about a short term bottom and top ?
keith@knowingifhedoesntbuyitgoesup,butifhedoesbuy,itgoesdown.com |
