Friday, March 28, 2008 5:03:15 PM
Dennis,
At these levels supporting the stock really only happens when there is substantial news or facts (like we saw today) though there were no actual facts presented in documentation, once there was an understanding that news would be coming on Monday the price movement was substantial.
If I did not hold quite a few shares at this point, I would have perceived seven as the bottom, and bought whatever portion I felt was appropriate as a position for that level.
Once I have established a position, then I see how many I can add to that position at a lower cost. One other thing is, I am not a daytrader. I accumulate a position until I feel is overbought and at that point I back out of the position, still holding a portion (of what some people call free shares) but in truth there are no free shares.
DNC multimedia Corporation, has recently fit the profile of being oversold, therefore I have accumulated a substantial amount and wait for it to prove itself. I hope that starts on Monday. Sorry for the long post but it's Friday and we came up 20% and its good having Jack around (great first day Jack). Val
At these levels supporting the stock really only happens when there is substantial news or facts (like we saw today) though there were no actual facts presented in documentation, once there was an understanding that news would be coming on Monday the price movement was substantial.
If I did not hold quite a few shares at this point, I would have perceived seven as the bottom, and bought whatever portion I felt was appropriate as a position for that level.
Once I have established a position, then I see how many I can add to that position at a lower cost. One other thing is, I am not a daytrader. I accumulate a position until I feel is overbought and at that point I back out of the position, still holding a portion (of what some people call free shares) but in truth there are no free shares.
DNC multimedia Corporation, has recently fit the profile of being oversold, therefore I have accumulated a substantial amount and wait for it to prove itself. I hope that starts on Monday. Sorry for the long post but it's Friday and we came up 20% and its good having Jack around (great first day Jack). Val
,,,just chill, that's what my kids say, seems to work,,,
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