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Re: Chefboy69 post# 16045

Saturday, 03/14/2015 12:36:13 PM

Saturday, March 14, 2015 12:36:13 PM

Post# of 128585
Buying on the first day at $2.40 is not being a dummy. Quite frankly I am surprised you got them so cheap, the bounce off of $2.35 on day one was quick like a lightening flash bounce up to $2.86, then back down to just quickly touch $2.50 before moving up,.. then within days it hit the ironic $4.20 before trending down before the next big bounce. Most people made a whole bunch of money quickly trading those bounces. Very few people got shares the first day at a sub $2.50 level.

I can recall this day very well as I waited for 3 weeks for TWD to start trading and could hardly sleep the night before. I got in day one on the second bounce at exactly $2.50 before flying up. In hindsight I should have sold ALL of my shares at $4+,.. to buy back many months later at sub $2. But that is hindsight, at the time everyone didn't think it would pull back as much as it did, but as long as you trimmed at higher levels, getting in the first day was not dumb, it was smart, a lot of money was made.

Trim on the rips, buy on the dips.