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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Bruce A. Brotnov who wrote (16483)6/21/2003 6:31:53 PM
From: im a survivor   of 16631
 
<<<I hope you held on to JCOM - hard to believe it has been up 11 points in the last 2 days. I sold the last of mine today so I am ready for a pull back to get back in. I wanted to add more at 32 pull back, but missed it.
>>>

ARRGHHH!!!! I only had 400 shares, as I bought cautiously in low $20's ready to buy more if she dropped. Was ready to add another 500 - 1000 at $28, but expected a pullback to $22-$24, so I never I added, as I waited for the pullback that didnt happen...so, I still have my 400 shares, didnt sell, although I though about it on fridays pop...but since I only have 400 shares and want more, I figured I'd hold, and if she drop's she drops, and I'll add more, if she doesn't...well, I still have my 400 shares at least and will be content......AAII has been a good one....I sure wish I loaded the boat with more when she was sub $10, than what I did, but again, I was being cautious...I figure in this market a decent strategy is to buy 1/3 of what you want, preferably on the big dips, and then be ready to buy more lower, or ride the 1/3 you have and either add if charts say to add or sell if charts say to sell, or just hold and see how the cards play out in a 5 - 8 year period..... And DUK, Glad I loaded the boat in the low $12's. Fortune 100 company, with excellent fundamentals selling at $12.25 a share with a $1.10 per share dividend. Sheez, I'm not an idiot. She's currently at $20ish now, and if market pulls back, I assume she will too, but she has treated shareholder every, very, very nicely on almost any chart you look at...heck....when it was higher, I was ready to buy at $20. But when she hit $20, market was getting kicked, and she was caught up in the energy sale investigations and getting whacked, so I didnt buy at $20...was ready at $15, but got scared <gggg>...when she hit $12.25, I couldn't resist, and by god, I actually, finally caught the bottom of a stock <ggg>...Knock on wood...and hoping she doesnt plumett now that I've put the curse on her!!!!! I still think it is a great value at $20 - $30.....how can you not like her fundamentals, track record and a very nice $1.10 dividend...
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