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Wednesday, November 09, 2005 12:57:31 AM
I agree with GFP's COR YMB post today that tax loss selling and no major (expected anyway) events for the rest of the year for COR may well result in a lower price between now and January, and provide a more opportune price point to load up.
On the other hand, I think of how many times I've over-analyzed opportunities and been fooled by what looks to be conventional wisdom, so I'm happy to have returned some missing COR shares back to my portfolio and I don't have to sweat now wondering if COR is going down another .15, or maybe back up .15
And who knows, COR may yet go through a couple more 2.30 to 2.50 to 2.30 to 2.10 swings over the next few weeks.
It's getting harder (for me anyway) to sell my extra shares at prices like $2.50 since there's always the nagging doubt that maybe a BP deal is shaping up and the price rise is an early harbinger.
Just wanted to share my thought process and COR purchasing decisions from the past 2 days... Aiming4.
P.S. One metric I'm very pleased with, I've driven my average COR pps down to $2.22 with today's purchases.
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