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Re: Uk1chad post# 6583

Thursday, 07/24/2014 12:48:14 PM

Thursday, July 24, 2014 12:48:14 PM

Post# of 63744
Very very good question.

Only deep pockets know where the floor is set here.

Also, there might be some brief run-ups and drops along the way.

Since my guaranteed Payout is with the Aquisition Rally, it's probably not wise to go cash now, and then watch the stock go up on a mini-rally.

Emotionally, not wanting to lose out on the big pay day, I'd probably have to chase the stock back up, and my position is heavy enough that it would be difficult and expensive to do.

So my experience says, even if the bottom is some lower price, the best thing to do is wait, and not worry about where the floor is.

I'm close enough to meet my goals on this trade.

Now if it runs up, say to 65-90 cents, I'll have some thinking to do, as will all here.

Cheers

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