I was thinking about dipping back in at 2 9/16, but
I try to avoid buying the same stock three times. :)
Dead cat bounces are best for the first two or three
after that the risk reward isn't as good.
In other words, I don't think any of the financials in
this company are different now from the first time they
crashed, except that they now have a shareholders lawsuit.
Was there some other news that attracted you? I thought
that ever since the bounce that was more or less the only
news.
I try to avoid buying stocks that are sliding down. I
like the sudden precipitous drop, as they tend to over-
shoot.
Funny that we seem to end up attracted to the same
stocks. Does that mean we have the same mental disease,
or that we're the last two sane people in the stock
market? :) The heights of this mania are scaring me.
The news from CPQ, INTC and MOT should have devastated
all the box makers, the techs, and a good share of the
industrials. I should have been shopping bargains
among devastated box makers etc., instead I am buying
puts on the DJI, DELL and AMZN. These require much
more luck than dead cat bounces, and leave me very,
very nervous. (I shouldn't play options....)
-- Carl |
