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Ecomike

05/05/11 10:44 PM

#477 RE: Stocker13 #476

I bought a little at $2.05, and I am waiting for the bottom to add more as more sell and jump ship.

I am in this one for the long haul, however long it takes. I do not believe the VV short attack claims are true.

If someone is selling $ bills for 50 cents, do you buy at 50 cents and then sell at 25 cents, or do you buy more at .25?

Me, I buy more. But I also spread my risk over about 30 stocks, and always keep dry powder on hand.

I am waiting to see how low it goes, but if it gets any where near $1, I will double down.

2009 taught me that value and price in this market are moving targets. Right now this one looks like a major serious bargain.