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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (3998)	4/15/2009 10:04:45 AM
From: Rarebird	of 26251

The plan is to buy more UNG for each dollar it drops. To think that one can pick the bottom here when the stock has been regularly hitting new lows is a fools game. The way to make money (on the long side) in a bear market is to buy value with a modest position and add as price becomes more favorable. Amateurs typically use the shotgun approach: they buy a full position immediately, not anticipating that price may move against them, causing the kind of stress and pain that leads to distressed selling. I welcome lower prices so I can buy more. But UNG has great value here.

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