I don't fear at all in this case, bruce, it's greed and common sense at work, imho. I plan to hold more shares with the same money, maybe a lot more.
Paper games piss me off. Consolidations, reverse splits, rollbacks, whatever you call them, lower the market price. Before I had a computer and a discount broker, I would just hold on and try to ignore that simple fact, but now it's so easy and cheap to be in and out that it seems like gross neglect to take the hit.
I made the mistake, out of both habit and faith (and no small amount of neglect), of holding through WIM's "consolidation".....check out the chart......big mistake. Sure the POG was a factor, but take that out and you still get a serious dip, imho.
Rollbacks lower the price, and however temporarily, it spells opportunity.
Better they split it 10 for 1, we'd trade at a nickel or 7 cents real soon.
....and I'm not entirely joking......good luck.....marcos
Btw, I've been trading DEN for about 8 months now, those shares I'm holding are paid for with OPM, and there's cash left over. I'll be buying in small steps, starting at .27, probably.... |
