God it's like I wrote that post.
Here's what I see: Every major move that I have seen pennies do this year have been from gutter level lows...every one of them..GLOW,TNRG,BAAT,PKGP,even that utter piece of garbage ICVI today .
The problem is determining what is the low. Lows for CSMA re: last fall were .16. A few months ago we would have said .50, now who knows....40, .30 ? I have no idea.
One thing we must learn is posted on TMex's profile. Say what you want, but he hit it right on the head when he said: "Keep your blue bloods long and trade the whores."
Problem is how to identify those blue bloods. If you believe in a stock, you keep it and average down every chance you get; if you don't and it doesn't move quick, get out and watch from the sidelines.
90% of my initial investment money is in CSMA, SETO, MDMI; the other 10% was for those whores. Irony is that the "blue bloods" represent barely 50% of the portfolio value now. Ticker symbols that were momo plays where my dd could fit inside a thimble are kicking the hell out of CSMA, rate of return wise. I don't question it, I just accept it, painful that it is.
When you've been driving three hours on what you thought would be a one hour drive, do you turn around now? I give them the rest of the summer, if that's what it takes.
TG |
