RE:RE:RE:Many income funds can't hold stocks below $3....You make our make it sound like you were lucky to pick up shares at $2.69....
no skill there, you could of picked up a ton at $2.68 , $2.67 , $2.66 or $2.65....,
so you weren't lucky to pick some up at $2.69.... what's your
average now $3.05.... get a life amateur .
PROtrading wrote: It's quite easy for me to go against the herds. I was the guy buying up TCK.B as everyone was selling. Did the same with BTE. This one is nice since I don't have to pick between two stocks, there's only one where blood is EVERYWHERE!
The trick is on these crashes is to find out why it crashed... Here was the Air Canada power play and a bunch of shorts that jumped on the short but they are painting themselves in a corner. There's too many with short positions.
They will all be fighting themselves to cover. It just requires patience, experience and guts to ride her down. Managed to pickup some $2.69s to boot!
WATCH AND LEARN.
gatman wrote:
Yes, sir, a good lesson for all....don't get fully margined or better yet, buy with cash.
Meanwhile, seems to be an extraordinary opportunity for those with funds. You have to be risk tolerant, and how many people are. Tough to go against the herd.