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Re: DOLPHY post# 2424

Wednesday, 09/08/2010 7:37:06 PM

Wednesday, September 08, 2010 7:37:06 PM

Post# of 18684
I'm not going to pretend to know where this is going to go and when. Obviously, I'm betting on an eventual gain from today's close by taking a small long position, but that's all it is -- a bet.

I like to scale into and out of stocks, so if this goes down further, I'll probably attempt to use my admittedly limited TA to pick a new point to buy-in and bring my average closer to the price action.

I'm definitely not sure whether I got in at the "bottom" today. I more or less bought myself a small position based on my speculation of the trades towards the EOD (found in one of my previous posts here). Ideally I make a quick 50% gain within a few days, but I know that isn't reasonable to expect.

I guess that's my long-winded way of saying "we'll see" (re: "today's trading is very bad for this stock").
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