RE: RE: RE: Where is Mark today??You kind of make my point for me. I figured that at 51 cents, the write downs/dividend cut were being factored in by some. However, there is no way of predicting the level of fear that can be induced on the markets. I feel that today's action is way overdone but it's also hard to quantify the level of manipulation that is possible.
Shorts will have their day and I don't begrudge them that. I decided to get in to this as a long term investment and did my best to find bottom. However, nobody has a crystal ball. If you have your position at 26 cents, good for you. I think you'll not be the only one who sees this as a bargain once the dust has cleared.
Because I invest in some risky things, I have rules about how much I put in one basket. That's why I'm not going into a larger position right now.
I think I've explained myself. Now feel free to explain your take on things and how you are proceeding.
Mark