Tuesday, May 29, 2012 12:52:34 PM
I'm by no means in over my head, but for me (a "little" guy that enjoys the market) it gets frustrating.
Although I don't (and won't) flip flop on my share ownership here, my morale does on a daily basis...lol.
I have bought this stock 5 times on 5 different days and have never sold even one single share back.
What I'm actually looking for is an opportunity to buy in one more time (5,000 shares) and then stop and wait. I'm not trying to "average down" as I'm in at a cost basis right at this level but don't want to throw money in the wind either.
Although it's much more fun to make a hundred or 2 or 3 in a day than to lose it, I'm not really concerned about the pennies as I'm in this for the dollars.
When/If good news hits, I believe the spike will be immediate and the jumping on board at 300-400% of my cost basis will not be of interest to me. I'd like to accumulate those additional 5,000 shares with the intent of selling them into a $1.00 or more rally/spike and keep what I have now.
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