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meikodog

03/23/10 5:27 PM

#83544 RE: Andrew26 #83538

Andrew, we don't know what the market makers will do day to day. That's part of the game that is played. Here's the plan as I see it - and what I've been doing since November - buy when I can and don't sell til the squeeze, whether that happens in a week or a year. When I want to buy I put half on the bid and half at the ask and check back at the end of the day. If I didn't get both filled I just do the same thing the next day. I enter a similar dollar amount each time to take advantage of dollar cost averaging (getting more shares when the price is lower) and thereby reducing/removing the greed/fear element. I hear your frustration and can only say be patient, I too have been down 50% and much more at any given day/month. This is not for the faint of heart.
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LoneGrey

03/23/10 5:39 PM

#83558 RE: Andrew26 #83538

OK we have all bought at the ask and bid and many times just where the MMs filled us and certainly all in accordance with our investing strategy. So you've done just what we've all done that and I know most of us will continue to do that. And maybe you will continue to do that too? It all takes time and is a process. And all just do what we can when as it pertains to our investing strategy. And the end result of that strategy is to sell our shares at a much higher price someday. Anyway that is why I invest and think most do too. And that is why I am in CDIV and holding for higher prices.