People lament down days.
But c'mon -- how are you supposed to buy a bargain if no one ever panics?
I bought NEP several times today on the acquisition news. Now my average is 4.53 on a full-size position. I'm happy with that.
I bought more CHIO avg. .96
These positions are losers for now.
So was CSGH before it ran 100%
I bought back LLFH -- getting some at 5.01 today.
Market is still tanking. Well good. Did you know CSGH is up 8% today? ROIAK is up 5%. The markets movement can only provide you with bargains or extreme prices to sell out. I admit -- I tend to panic too early. (See how smart that was? Did I profit from it? No. Ah, not that smart then.)
The Fed has some big auctions this week. I think this is part of the game. You have to scare people back into holding $USD otherwise you can't sell U.S. debt cheap. Meanwhile, the companies I own are mostly making a lot of money anyway. Except now I get them cheap. What's not to like?
Isn't it amazing how everything sells off when the market tanks? There's no discrimination. But this is the time when great traders shine and lucky traders die the death of a thousand overtrades.