Your advice makes a lot of sense, and I am going to take it (I'm staying out for now.) Kind of similar to your "blood in the streets" theory, I have noticed in the past with almost any stock I have followed, if I goes way up and I think, "Wow, I can't believe it's so high", it's time to sell, because it always retracts from there. Conversely, if a stock goes way down and I think "Wow, I can't believe it's so low", it's time to buy, because it usually bounces back. Although DDIM may very well move back up from 29, it's not at the point "I can't believe it's so low" yet. If it went to 25, probably. Conversely, if it goes to 34, I'll probably short.
Thanks for reminding me that there will be plenty more opportunities. I'll wait until a more clear-cut opportunity arises.
Thanks to everyone for their advice. |
