RE:RE:Newbies...Well said sir. Bang on.
Kcirnek wrote: Great response. I came to a large sum of money during the 90s from eBay and invested as a teenager. Lost quite a bit of money with Nortel Networks and never played with the stock market ever since.
Since then, I jumped right into the MMJ company and I have made a good chunk of money. It is definitely a learning curve, especially understanding how easy these smaller indexes can be manipulated.
Warren Buffett always said it best. Be fearful when others are greedy and be greedy when others are scared.
What has helped me with my average cost is buying on these massive dumps. So even if I bought in at the wrong time, my blended cost will be fine.
For THC I bought my positions at $0.29, $0.55, and $0.67. Last week I bought at $1.00 on my last position. In hindsight, I should have followed the dump at $1.35 and re-bought.
But if I had a crystal ball, I would be retired and be a day trader. If you stick it out long, you will win with any of these stocks.
These short term flucutations don't matter if you hold for long.