<<This is one weird mkt...we need to remember these times.
>>
And try to take advantage of them......for instance, I have no idea if we go higher, lower, or just stagnate...but I do believe that buying stocks...such as...extr in the low $2's, will pay fruitful rewards down the road. Heck, I may have to buy more at .50cents, who knows...but I do believe if you have what you feel is a quality company that will survive this bear, then you should buy when the stock is very low.....In fact, during the last serious whacking, I bought more of quite a few stocks at very, very low prices.....I considerably lowered my overall cost basis, and in many cases, some stocks went up 100 - 400% and I was able to both sell some for a profit, while keeping some and also lowering my cost basis.....Naturally the stocks I sold 100% of the shares I had, have continued to go higher, but thats the rule of Keith...if I sell ALL of something, it always goes up <ggg>.......I get a nice profit, but not near as much as I would had I kept some shares.....but in this market, one has to be safe and prudent and grab profits while you can, while at the same time, also hopefully building a nice basket of good companies with low cost basis' for the future....... |
