International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Richard Mazzarella who wrote (880)	12/21/1996 1:42:00 AM
From: Ron Struthers	of 35569

Hello Richard, It is always difficult to time buying and selling opertunities. I usually recommend buying in stages. For ex. These are theoritcal prices but you will catch my drift. if you want to buy 3000 shares, buy 1000 now at $4.50. Plan to buy another 1000 in two weeks unless you see a price drop to say $3.75, then buy. Buy another 1000 2 weeks later unless you see another drop to around $3, then buy your last 1000 there. This way if the price drops you have averaged down and got your shares for less then $3.75 in my example. On the other hand if the price continues to rise you at least got your original cheap position at $4.50 and don't miss out on a runup in the share price. Too many people try and time a market bottom, which even the professionals have trouble with and miss out on the whole run waiting for a pullback. if a stock or commodity is fundamentally cheap and trading in the bottom of its trading range a accumulation program works well. Good Luck

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