InvestorsHub Logo
Followers 13
Posts 6245
Boards Moderated 0
Alias Born 02/09/2006

Re: the big guy post# 17651

Sunday, 08/24/2008 8:58:49 AM

Sunday, August 24, 2008 8:58:49 AM

Post# of 19383
How about this?

You buy. It goes up. You continue to add shares.

You buy. It goes down. You sell out, taking small loss.

If you sold wrong, what's to prevent you from buying back?

Taking a small loss prevents riding one from $10.00 to under $1.00 as is the case with UWKI.

Following this requires disipline. I bought at $1.45 and still have it giving back some previous profits made following the rules.