WARNING to all AIMers. You must stick with the farging program, as painful as it seems. As long as you have a solid company, or even just a sector (fund), just remember that things will turn around!
Case in point: I've been buying my So. African gold company (DROOY) all the way down. Started with 300 shares @ 8 3/4, and as the stock went down, I turned it into an AIM account by buying another 700 @ 3 3/8. Continued to buy down at 3 1/16, 2, and 1 13/16. AIM told me to buy another couple of thousand at just under 1 1/2, but I just didn't have the guts to pull the trigger. Felt like AIM wanted me to stick my fist in the hole of the Titanic. So I blew it off. Well, the stock has rallied this week to 3 3/4, and I'm left kicking myself for not taking that last buy signal. If I would have, I'd be a couple of thousand in the black, and selling shares now. As it is, my sell point is still above the high it has attained.
Now, I'm suffering with GUMM, which is going down down down, and AIM wants me to buy another 800 shares. I know in my heart that GUMM will eventually rally, but it sure is hard to commit the funds. Just remember, paper trading AIM may be fun, but when your dough is on the line, you better have what it takes. I'm just learning.
Sincerely,
RFH |
