Sounds crazy, I know, but it works. Actually, what I do is this. I do indeed believe we have hit the bottom at $75. That is why I bought here. But from experience, I know that I suck at market timing, so it is possible that RMBS may go lower. For instance, a general selloff might do the trick, etc. So if it does go lower, I will buy more.
It does sound crazy, but that is how I have amassed a bundle of Cisco shares. Now I am doing the same thing for Rambus shares. Let me give you an example. Last time Rambus plunged (can't remember exactly when) we went from $70 to around $40, before it rebounded. Well, when it hit $55, I thought we had hit the bottom, so I bought some shares. Then when it went down to $45 I bought more. Now I am sitting pretty. I intend to do the same thing from here on out.
It's a nice way to accumulate, if you aren't an MTM. Good luck to you. |
