<<no dip buyers...........
>>
I'm always a dip buyer <ggg>....thats why I own decent companies at decent average prices...and the lower we go, the lower my cost basis will drop for the companies I add to during this non stop massacre.....naz could go to 500...and with my strategy, I could get out even with a pop to 600...and do very well with a pop back to 1000.....I'm just buying quality that I feel will be around years and years from now, no matter how bad things get...and I buy them when they are at new lows.....maybe not the smartest thing to do, but I have bought $10 stocks and got out at $1.75 with a small profit, due to doubling, tripling, quadrupling down, as the stocks get hammered.....Meanwhile, those that bought the same stock at $10 and didnt buy anymore, are sitting there now with a stock at $1, needing a ten bagger to bag a teeny profit....not saying my strategy is for everybody, but it does allow you to build nice positions at good prices, and if your smart and diligent, keep your cost basis low enough to get out on a pop if you have to, or want to...... |
