ARNA Good for you, century! As I intimated in a recent past post, I suspect in the long run, buy and hold prevails. I like to trade around the edges. But, I was in to the brim for ADCOM and FDA. Building a nice position again, now.
-----------
A word to newbees and less experienced traders and investors- treat advisories about waiting for deathly low prices before entering with a grain of salt. While they may occasionaly be well intentioned (like one I received today- because I know the chap's respectable history here), others are attempting to sow weakness to gain a lower entry for themselves.
The only method I've known to consistently work is to scale in once you are in the red zone, to use a football analogy (the 20 yards to the goal line). I start buying at the ten yard line and continue buying to the goal line.
Take your buy volume (remember, always buy less than you want to, lol), and divide by 6. Scale in 1x volume at the 10 yd line, 2x's at the 5 yd line and 3x's at the goal line. If it goes even lower, maybe throw one more jag (small parcel) at it. If it goes lower, bail- we figured wrong! Watch and re-enter when actual botton occurs. I'm doing that with a bank stock now- was a little early.
If not sure where the 10 yard line is, call for a measurement from the official. In our world, that means asking a chartist to give you a reading.
Don't worry that you might only have part of your intended position- that the price will take off on us. Much better to have 1/3 of a good position then a full poor position.
Good luck and let' all make some dough-ra-mi!
BTW- we're in the red zone, imo.
MG
Market Data 
Markets 
AI
