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Re: PennyWorld post# 4555

Thursday, 11/30/2017 9:55:04 PM

Thursday, November 30, 2017 9:55:04 PM

Post# of 6602
Or you can do what I did when I was in at 7.70 split adjusted...It is risky but I sold, (made a mistake and did not waited at least 1 month to avoid wash sale rule, in the mean time I kept a close eye on it for news, I picked a point I would get back in at then bought more shares with all the money from the sale. Then put a stop loss % in case it continues to fall (it did) I waited again and got back in (this time waiting the 30 days, allowing me to write off the loss) very cheap and things have turned around for me since then.
You actually skip chunks of the loss that you would have had if you $cost averaged down. You also can pick up a few extra shares by selling them and then picking them up after the slide. I hope what I explained makes sense.
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