Friday, July 21, 2006 1:26:42 PM
retired56sc,
IMO, If he buys back in at .002 he will be much better off than if he held all the way down and back up. He will be able to buy 3 times as many shares and recover his losses sooner. I would have been better off also had I done the same thing.
But that is the key - none of us knows if it will go up or down at any point in time.
If it does not go down any more and heads back up, he can still buy back in lower than the 6s he sold at. The only way he would have lost is if it did not go down much more after he sold.
Ron
IMO, If he buys back in at .002 he will be much better off than if he held all the way down and back up. He will be able to buy 3 times as many shares and recover his losses sooner. I would have been better off also had I done the same thing.
But that is the key - none of us knows if it will go up or down at any point in time.
If it does not go down any more and heads back up, he can still buy back in lower than the 6s he sold at. The only way he would have lost is if it did not go down much more after he sold.
Ron
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