Lakeshore, FYI:
I believe that RXPC will be taken over, yet I have not jumped in to purchase more shares. Why not?
Because I have already accumulated a large position at a very favorable price, and am simply waiting on the news. Its no more complicated than that.
To keep buying is amateurish. As I have explained to you before- its better to spread oneself out in a number of companies with different risk vs reward profiles than to keep putting all your eggs in a single basket. Its called rational investment, as opposed to the day trader techniques you seem to favor.
That is my strategy, and having spoken with other long investors with sizable positions, we are comfortably waiting on RXPC (not to mention the multitude of other stocks we selectively own as well).
RXPC is an educated risk in itself, but the OVERALL strategy is sound. Its called rational investment- try it.
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