RE:Waiting for a trend before you buy?
Absolutely; I would rather pay .15 in an uptrend than .11 stuck in a channel of approx .02 between .10 and.12 as we have been for months.The 50 day moving average crossed below the 200 day moving average in April and currently sits at .11 while the 200 m.a. is .14. Until the 50 day m.a. makes an upturn towards the 200 m.a and may cross over; also known as Golden Cross I will hold. I will average up instead of averaging down because it will indicate stock is in an uptrend