Short term stock price predictions are very difficult.
In my Broker days when asked point blank if a stock would go up or down I answered exactly as follows;
Yes, but not right away. Meaning both up and down. Will Rogers the famous comedian in the 1930s said this. A Pro knows that it is impossible to guess minute to minute, tough day to day, pretty tough month to month, easier quarter to quarter, and simple in 5 to 10 year spans. I think in terms of years. Way out there. My average holding as a broker was 7 years. Think about that. The exact opposite of any broker you have ever encountered ,right? I was rather successful because of my intended long term strategy.
I attempt to be professional on this board. Those that write it will be this or that like the writer who has since disappeared the swore we would never again see 1$ in December? No wonder that writer is gone. I hammered the prediction as one by a rookie. This can be verified by searching December posts.
So, the question stands, do I buy more her, averaging up?
To average up has been proven to be far superior to averaging down. Although in CYDY's case any purchases have been proven to be strokes of brilliance.
In your case I will tell you I bought more shares for my family on Friday around 4.30$ and more yesterday.
But read my posts carefully. I'm looking out 5 to 10 years. 100 to 1000$ are possible and I won't write what might happen because all would think I am nuts as some of you think now.
If you bought my Venture deal that I led the Cash raise for 4 long years you would read my posts 10 times. 1 cent to 69$. Numerous stock brokers, my Pals were in that deal of their lifetime. It was brilliant and priced correctly. Top management.
This deal, this CYDY is far superior to my 1990 deal that peaked in 2001.
Why? Because of what I see as the earnings potential per share. Buying CYDY at 2.5$, 3.5$, or 10$. The price to buy will not mean squat in the long run. What is important is owning shares. Period.
My short answer. If you feel OK about buying more, buy it at the market. Don't take your dog for a walk and then buy it. Decide and buy.
Can it correct to 3.5 or 4$? Yes. Can it go to 10$? Yes
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