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Re: pete807 post# 10

Thursday, 12/01/2016 8:06:43 PM

Thursday, December 01, 2016 8:06:43 PM

Post# of 353
I'm flat lining with 1,500 units but absolutely certain it's going to pay off within the next couple of months.

As for cost basis? A low cost basis is the first and most critical step in the Book of Jugs. CB may not loom large for some others but large positions often move a few pennies...and a low CB really pays off. Today, as an example, ALDW added seven cents. Gaining $240 for each penny higher, I kiss my CB every cent of the way. lol

If I'm building a position tainted by a high cost initial buy, I'll liquidate and relaunch for the sake of the CB.