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Well, I'm not one of the bozos who whistles past the graveyard by pretending I'll be tickled if the stock goes lower so I can buy even more, but, sighing heavily, I expect to increase my position by 30% or so if panic selling sets in and really beats up the stock price tomorrow and maybe even Tuesday. The story remains the same as it was two weeks ago, and CCSI has been a consistent rebounder after downdrafts. Moreover, shorts do have to cover sooner or later, so they're building a large inventory of buying power (much more than is needed to handle Dreyfus) even though that's not their intention. My preference would be to not have the buying opportunity, because I don't like the apprehension that goes with it. But when enough folks behave as if the sky is falling in, it likely isn't, and, although it's hard, taking advantage of no-news trading turmoil can often be a way to profit. What's interesting from my perspective is that my wife, who's better than I am at calling times to buy and sell for short to intermediate-term trades, is cooly confident about buying into any panic, should that occur. It's worked in the past, anyway. |
