RE:Will buy under $4Jazzy92 wrote: If this goes under $4 I will definetly buy more. AVG cost is a bit higher than now looking for the right opportunity to AVG down.
I thought I was doing the right thing by purchasing shares at $4.90ish. I sold all today at 4.30ish. The worst isn't over yet. The sp is still dropping and there is no evidence yet that the shorts are covering, nor is there evidence they have stopped shorting. I will buy back when I see the price rise in volumes as a result of short covering. I'm beginning to believe the $2.00 - 3.00 "dust-settling" estimates. Up one step and then 2 steps back. Serious margin calls may become more of a factor soon. Not only because some accounts are no longer within the broker's margin % guidelines BUT, soon this ticker may not be marginable in itself. Another factor coming in to play are the institutions. (38% held) Each day the sp drops, another institution's mandate and/or rules are breached which my cause further downward spiral. Whether it be stop loss figures hit, or dollar figure lost or % of portfolio and needs to be replaced.....ouch. Just my fears and why I sold out at a loss contrary to my own plan. Things have changed drastically over the past few days.