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Re: lifo post# 16202

Wednesday, 06/22/2005 5:28:37 AM

Wednesday, June 22, 2005 5:28:37 AM

Post# of 48301
Hello Jack,

I was very interested on your stock that fell 89%.
Did you ride it all that way down?
The reason I ask is that I know how psychologically hard it is to buy as a stock sinks lower and you wonder if you are doing the right thing.
How long did you have to wait before it came right again?
What settings did you use to control the purchasing of the stock, I would imagine that a fall of that magnitude would have made you run out of cash. I'm still trying to work out a nice balance between risk and return.
I have two stocks at the moment that are in similar state one is down about 70% the other around 50%. On both I am not going to spend any more and am just waiting for the recovery.

Regards

Neil

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