Originally Posted by
Paratrooper_Rick
sworn - sounds like we're playing a similar game - difference is I haven't had to average down - but generally same idea. I have my core - which won't get touched - (no matter how tempting it is as we climb) and then a 15% over core play block. The 15% block I will trade was entered at .32 and I will sell it at .52...
About reentry.... this is one of those points where I think John is right , but so are Brandon and Relmor.... If you look at things technically - we have the right bullish signals to indicate a rise next week. IF you believe technicals will hold and IF you come to the conclusion the pattern will continue - I don't think you'll get much lower than .36 next week...
Now I'm going to play John: (probably terribly - but here goes)
Nothing about this stock is currently predictable. There is no indication it won't drop/retrace.... anyone that thinks they can predict this stock is fooling themselves.......
Back to my own view....
I reentered at .32 - and if I was you - I'd come in at .36 - because I personally think we get over .52 on the next spike up. Is it a gamble - yes
Will my strategy pay off? only time will tell....
Good luck whatever you decide... time to listen to some AC/DC and do more investing courses .....
