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coolerheadsprevail

12/24/13 6:43 PM

#13516 RE: Cats83 #13513

Kudos to you, Cats! Based on the levels you indicated, you have done a terrific job of exercising patience and discipline in achieving a significant degree of averaging down your cost basis!

It is impossible for anyone to intentionally time the market perfectly. We all may accidentally catch the top or bottom once in a while, but an accident is all it is.

But that is what has made SCRC so unique since the epic P&D this summer. Not only has there been heightened volatility, but the trends have been so painfully obvious and predictable that no one has to time it perfectly -- many have simply played the momentum, observed trends, and added or de-risked at levels that were simply within the ballpark of the top or bottom; again, not THE top or THE bottom, mind you, but simply close enough within arm's reach to make these channels meaningful, whether you are looking to avg down or de-risk (and, technically, averagin down is a form of de-risking as well).

But ultimately, in addition to the obvious trends, the Q's have provided a veritable roadmap for those who have taken the time to perform their own DD rather than simply buy in blindly based upon some PM or email invite.

But again, congrats on your terrific average, Cats! Well done!