*AV*--Actually, I cannot share a bottom since it already blew past that bottom. I was hoping for ~$20, hopefully at just under $20 and it was presented to us today.
I have been telling my readers to do something for days and it is now starting to pay off. BRKS is one of a dozen stocks they have been told to watch and consider but not to react to yet.
Now for an observation. I have always demonstrated a propensity to get in a bit too soon in certain stocks and never allow the "other shoe to drop". Such was the case with BRKS today but I only took a medium position. Now that the market is closed, I think I regret it.
BRKS will make it back to $25, IMO, which makes this a decent 25% profit potential stock by, lets say, September. does it really matter if I buy at $20, see it collpase to $15, and then go to $25?
To most people it does matter since it is all part of the "Big Green Greed Machine" and we want to make money as fast as we can and we want each investment to be as safe as possible. Otherwise, everyone would be making millions in the Internet stocks<GGG>.
So, I will take my $19.50 shares and average them down with some $15.50 shares, if BRKS drops more, for an average price of $17.50, which is a GREAT place to be invested. I will also buy on the way up, at $21 or less, being just as happy with a 20%+ gain when BRKS takes off again.
Can I afford to wait all the way to September (if it takes that long)? My feeling is that I cannot afford to pass up any potential 25% gain opportunity if it is presented to me.
AV |
