Michael I AGREE with you on that FOR SURE. I just sold a couple of loosers and purchased MORE Fonar when I saw this $2.03 ask. You may get it even lower but I was afraid to allow the #2.03 opportunity to pass..
Again That Trading strategy has Worked VERY well for me and it has proven to work well with EVERY single stock I have had when I didn't allow GREED to take over my common sense. I let GREED get hold of me after the GE win and have only traded a few thousand shares from time to time. THAT was a HUGE mistake looking BACK. However, my logic was that Fonar should have NEVER dropped below $3.25 and thus goes logic in the stock market :^)
I would be SHOCKED if you don't do QUITE WELL in your decision to BUY at current levels, depending on the NUMBER of Shares, as always determines one profit or loss...
I have already stated why I stopped trading Fonar like I did prior to July 97. I keep thinking that ONE of these days we will witness a SKYROCKETING FONR and for that reason I chose to cease trading FONR. THAT opinion has only INCREASED, even with the stock price at such a RIDICULOUS PRICE, which is Just making me scrounge for more CASH.
I need to go back and study my own strategy again, because GREED will cost.....Now I have NO problem with Dave, Frank or others who HOLD, if you buy and sell for a profit, then ONE DAY the stock acts like the pink bunny and just keeps on going & going & going, all you can say is "I got what I ask for mine". Nothing wrong with making a profit, never met anyone who went broke taking a profit...
So Do It To IT ;^)
Regards,
Malcolm |
