Noranda Income Fund Unit T.NIF.UN

Averaging Down

[Bigbird999]

Last evening I sent my FP/broker an email to buy another 2000. at $2.30 max  As I predicted he called me before market opening to talk me out of it.

Broker:  Are you sure you want to do this?
Me:  As sure as I have ever been about anything.
Broker:  Why?
Me:  Mainly because of very low downside risk and good potential to double up just as in the past.
Broker:  OK, but I advise against it.  There is an old saying......THE MARKET NEVER LIES...
Me: I bet that there IS NOT an old saying that.....THE MARKET MANIPULATORS NEVER LIE

He lauged and completed the order at $2.27.  And was probably laughing at me all afternoon as it fell to $2.15.  Pretty sure I will get the last laugh when it heads back up towards $6

BB