GREY:CLLZF - Post by User
Post by
leveraged1on Sep 29, 2009 10:32pm
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Post# 16349017
Hurt - is getting better
Hurt - is getting better
Watched oil cut in half in the fall of 2008 - then watched the markets really tank, actually "melt" for several days. So I decided to "bottom fish" with CLL at $1.70 (it had been $4.00 just a few months earlier). Days later Big Dick got his margin call ( indirectly so did I) . Chose to average down for months, even got some in the low .60's range. End result - in excess of 200,000 shares - averaged out at about $1.15.
Hurt to keep borrowing, as things kept getting worse, "all winter long".
HURT more to see CLL dive from $1.65 back into the low .80 cent range earlier this summer
Hurt is getting better, as I approach my first birthday as a CLL shareholder ( in about a month)
As such I "MAY" become a part of the "tecnical resistance" at the $1.15 level.
My quession to you pumpers/bashers is:
1) Will it Hurt more - to pay off my debt at $1.15 (and risk watching CLL go to $1.50 in short order)? or
2) Will it Hurt more - to (not pay off my debt at $1.15) and risk that good old "tanking feeling" again, when something goes wrong or Big Dick decides to put his hands in my pockets again?