Yes, its a real killer when you have a average down, isn't it? I see MMR is not doing so great these days. Resource stocks are a real bummer in these markets, especially when you wait and wait for something to happen and nothing does. But then, I think MMR is at its bottom now, so its no big deal if you have to buy more to average down. In fact, in these markets, its probably a good strategy.
There's no need to feel so bad about breaking one of Carter's rules, I'm sure he would be the first one to say, "rules are made to be broken" sometimes.
If you are interested in THW and I assume you are because you seem very interested in what is said here on this thread, I would suggest that THW is not a daytrading stock, not enough volume and liquidy. I intend to hold and add to it in my RRSP account whenever the opportunity presents itself, because I feel in time, this stock will be worth much more than it presently is. Daytrading is fun and instant gratification, but a diversified portfolio with long and shortterm goals is important.
You could have bought some GYD yesterday for a quick profit, I did...
Happy trading, there's still bulls in this market...
ze gyp |
