<<FLC, DO, ESV, NE and CDG are at bargain prices that I could not pass up. They may go a little lower, but I didn't want to wait.>>
I Agree...Took a large position in FLC yesterday, and already sitting on a pretty substantial loss. Time to change hats from the trader to the investor. I have come to the conclusion that it makes sense to wait this one out, even if FLC decides to correct a little lower. Sometime, within the year, these stocks will be higher. For the benefit of my financial well-being and particularly maintaining my sanity, it is time for me to "tune-out" for awhile. Following the RT quotes minute by minute will only lead to a wrong decision to take losses at this point. A wiser course of action would be to put a limit sell order in for FLC @ $32, turn off the quotes, and even use SI with moderation. So far this year, I'm out more than $3k in commissions..with only a modest profit to show for the frustrations and anxiety involved. If FLC does hit $32 before year-end, I will net a 30% return on principle....
So, good luck to all & will become a less frequent follower of this board and other outside stimulus that could cause me to PANIC and abandon the new game plan....Thanks to all for this great "information machine" that we have all created here. |
