RE: RE: That makes it official "I honestly do not see SP going near 50 cents and most of the longs are averaging in that range."
You are too funny, manjal. I agree that it probably will not get to 50 cents in the near term, but you think never? Given all the good news and a (slowly) recovering economy, I think we will see that next year, perhaps quite early in the year.
What is really funny, is your insistence that most longs are stuck around an average of 50 cents. Math is clearly not your strong suit, is it? Yes there will be some up there, the ones who bought in years ago, AND DID NOT BUY MORE! Most of those still around have, I would think, bought since the last time it was above 50 (2010).
I no you never believe anything I say, but check this out. I bought for the dfirst time on Feb 12, 2012, at 58 cents. I have benn buying ever since and it went all the way down to 14.5 cents and back to where it is today. In fact the average daily high for the day since my first buy is 28 cents and my averarge is now less than that. Don't believe me? Go to Yahoo, download the daily figures to an Excel spreadsheet, and do the calculation yourself.
Now then, tell us how much you are down on your position in SNA.
Piper