VTO Modified
Nocona, this is setting up like one of the VTO Modified trades that will be sold at a loss. Given the fact that the Nasdaq Summation Index is dropping 60 points a day, I can't say that I am surprised.
However, this also is a classic example of buying low (and hopefully selling high one day). I did my three-part purchase. Now, I am contemplating additions buys. I passed on yesterday. I am thinking about buying today given the week futures market. I may continue to buy down, skipping every other day as we work our way down.
Any thoughts on what I wrote above, or would you just hang tough with the three positions and leave it at that? Many thanks for your thoughts.
Good luck to you today.