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Re: Booger Red post# 72420

Monday, 11/21/2011 10:57:43 AM

Monday, November 21, 2011 10:57:43 AM

Post# of 105534
Investments you fall in love with are the ones you tend to get burned by. CBAI is a perfect example. There is nothing wrong with dollar cost averaging but rarely works in penny land. Use this approach with high quality stocks. I bought shares after the RS at a low price per shares. I held the low priced shares and sold the same amout of high prices shares to lock in the loss. The money I took in with the sale has gone into other stock wich have made me more money than I could have made in CBAI. I am counting on my skills to get me out of CBAI because Matt hasn't been much help. My CBAI share price average is now under 6cents which I'm willing to hang onto at this point.You said dollar cost averaging in CBAI is a gamble. I would agree.
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