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Tuesday, February 10, 2009 5:45:25 PM
It just meant I bought some more today at .80
I agree, I have been biting my tongue and curbing the inclination to sell on peaks but have ultimately been buying and holding as I'm afraid to miss the big upswing. I had been buying and selling PLM in the past (prior to the major declines) and kicked myself for it when it made some big swings up. Granted, this would have fared a better strategy over the last several months. I have sold and repurchased at a couple points during the decline, but largely I have been averaging down and now buying and holding. (my acct has a break even of 1.70 and my spouse's acct is closer to $1.00) Currently holding just shy of 60,000 shares total.
I woud be curious to hear other peoples strategies on how they will trade PLM once the EIS is released for public comment. I am withyou on the accumulate and hold strategy until then. Personally I am thinking to put in a trailing stop in on half of my shares at 2.00 +
Comments appreciated.
btw, thanks for the posts in general. I check the board every day or two, but don't necessarily make posts often as I usually don't have much of significance to share.
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