GREY:PGDIF - Post by User
Post by
mill44on Jul 27, 2017 1:53pm
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Post# 26517486
Nickel and dime traders
Nickel and dime tradersPGD nickel and dime traders: nickel 34%, dime 69% gain as of now.
Nickel and dime losers: 25-40% loss.
The wonders of timing your trade: buying here nets a 34% gain while making back the nickel you lost is recovering the 25% drop in price. Dime - 29% difference.
The chance of making more money on a dropping stock with solid fundamentals by averaging down instead of waiting for some evidence that the temporary (if it's temporary) pain is waning are slim. And I did not even consider the suffering through the drawdown and the lost opportunities.