no question about it . . the good thing is, you/we still have that great opportunity to average down . . even at current share prices . .
the operational fundamentals of this company are better now than at any time in the past when we gladly handed over our cash in exchange for shares of equity . . so we should be even happier to do it now.
the opportunity to add at these levels (below our average) may only last until this equity becomes "marginable" again . . then watch-out; any buyers right now are cash-only buyers . . but we are still a credit driven economy . . leveraging makes all the difference in the world . .
how much would single family homes sell for if they had to be paid for in all cash from the buyer (no 3rd party financing; assume mortgages as we know them didn't exist and the seller couldn't hold any paper)?
can't tell ya how many buddies of mine were thrown into a forced-sale when they couldn't make the never-ending margin calls that started sometime in September . .
getting back to marginable levels will be very interesting . .
Last edited by Sirius Roadkill; 08-12-2009 at 07:57 PM.
I've always been a cash guy, so the margin calls aren't a problem. I use a margin account, so I can swing trade, but that's the only reason.
I've been a small business owner for over 30 years. Very small business, never more than 20 employees. But, I've managed to never take a business loan of any kind.
I couldn't sleep at night knowing that I might lose everything because I had it leveraged. Other business guys laugh at me. I teach college level business courses and the students laugh at me. All because I don't use the borrowing money version of doing business.
You know what? Let 'em laugh. I like owning everything and not being in debt!
Julie, I'm right with you, order in at .48, just needs to go down a pinch. A couple cents is only a couple hundred bucks on this buy. I would hate for a big jump with no pull back now. After a .48 buy, I'll buy another 5 cents lower or higher. I feel like I've got one foot on the boat and one on the dock.
[QUOTE=MichGoBlue; I feel like I've got one foot on the boat and one on the dock.[/QUOTE]
MiGoBlue,
That's going to hurt when the boat starts to pull away. LOL
I agree with you. Back into Sirius again. And you're right, it is only
a few hundred dollars. I was overthinking this, just making work
for myself.
Julie