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Wednesday, October 20, 2010 8:02:43 PM
When you mean years ago, do you mean those that 'bought and forgot' or do you mean those that scale in and continue to 'average' (up and down) in, like they teach someone when buying into mutual funds or other investments as they continue their DD in their investments?
I unfortunately don't have 'years' ago; I only have year+ ago dating back to Feb 2009 on the 'Lowes-USA' website logo thingy weekend event at like .012 area.........that took little while longer then many expected or thought would even happen.
I averaged down and bought a lot in the .003-.004 range in 2009 before the run. Yes I sold some shares on the run up to .023 (that's prudent - but held onto a large core holding - (of course in hindsight wished sold more).....
We (WNBD) are now in Lowes-USA and I have averaged down again (while not selling the large core holding) and bought a lot again in the .003-.004 range in 2010...... based on the continued inroads, developments and growth initiatives the company is on......
There is operationally a big difference between last February or even October and this October imo; I think next 6-12 months will be even bigger steps and differences in terms of growth and developments. All imo
Do your own due diligence; factors and conditions change.
"I have faith that the time will eventually come when employees and employers, as well as all mankind, will realize that they serve themselves best when they serve others most.", B.C.Forbes
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