Sunday, October 28, 2007 12:16:52 AM
I incorrectly flipped the stock, pretty bad i might add. Sold at an average of 1.05 on the big 1.00 break, then was filling at .941 the day that Friday PR was announced and it ran up to 1.23 in 5 minutes before the EOD close.
I ended up buying the gap the next morning at 1.35 and never looked back. Needless to say i took a major hit.
But one thing i have learned in the market, and trading in general - and where i believe the best of the best traders stand out is when you have the ability to live in the future and not in the past.
That incorrect flip is "sunk." It was history, and i missed it. The correct market price was 1.35 and i if i wanted back in and felt it still had serious potiential i had to learn to live in the future.
Which is exactly what i just did.
My point you ask? Yes you, and i, flipped it incorrectly, but you cannot think of it as you needing to get back in AT the price you flipped it, but rather, if you see both serious short term and long term price appreciation in the stock, then you need to think of the $$$ you are missing out on if you dont invest at the current market price.
To futher this arguement, i am by no means "trying" to get you to buy back to give us more buys, because in all honesty, you MAY buy 5-10K of the stock, and we all know, that this is a big money stock now and most of us retail guys are not even a drop in the bucket.
So, hope this helps ickyy, and let it be known, that you are not alone, as i also did the same thing and IMO you may be really kicking your butt when you look at DPDW in a year or so if you dont end up getting back in.
All just IMO and have a good night all
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