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Re: castboy post# 295

Friday, 07/09/2010 5:22:40 PM

Friday, July 09, 2010 5:22:40 PM

Post# of 758
Castboy, i know it feels painful buying up that high. I ran the numbers in case you're interested:

--buying 2000 more shares at $3 ("only" $6k after the $44k you've invested) would put you in for total of $50k worth of shares at avg price of $6.67.

--buying 3000 more shares at $3 gives you an avg buy-price of $6.23. I bet sometime by early 2011 you'd get a double return on that avg.

Also, if you're in a taxable account with your original shares, you could at some point before Dec. 31 sell for some tax-deductible losses if CNAM's price isn't above $8 by that point.

Just musing...

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