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tradewell

02/09/06 1:57 PM

#1192 RE: jrod #1174

LOL. It would not be the first time I've made an ass of myself or have been proven wrong. You have a position, and will add to it if it drops down. That is good if that is your strategy. But aside from your position, you are willing to buy on weakness at this point. That is where the stock is right here. I add to my position also, but I wait until it drops down and buy on the ask so as to show buying strength. You might get your fill on the bid which is great at the moment, but usually it shows that the bid will soon be the ask. Buying on weakness is good if you firmly believe the stock will eventually be higher.The strength to a run however is people chasing the ask, as we saw a couple of days ago. IMO