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Well, here we are again in another market dip. Is it a good time to buy? YES! Just don't buy it all at once, since it could go lower still. I for one opened a position today and will add to it as (if/when) prices go down.
My logic? DJI is visiting the Nov lows, while the Nasdaq and S&P are resisting but could be there too soon, therefore confirming a downside bent. If that happens, the DXZLX will follow them lower. On the other side the lower it goes the least likely it is to go much lower, so there is less risk in buying and more potential for an upside - good reasons to buy. This is my logic for a short-term play, but this is also a good time to consider a smallish longer term position. Since I expect us to revisit this level several time this year, I believe there will be other chances to buy. However, since I can't be sure, opening a fractional position now is the way to eventually profit from this drop by locking in these prices. Sentiment : Buy Rating :
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| Subject | Author | Rating | Time of Post (ET) | ||
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Buying Opp in the making!...
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mr_mourao | (2 Ratings) | 17-Feb-09 07:18 pm | ||
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To be clear, yesterday I started a long position, ...
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alluring_st... | Rate it | 18-Feb-09 07:21 pm | ||
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I agree! As much as it hurts to see my initia...
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mr_mourao | Rate it | 20-Feb-09 01:05 pm | ||
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QUOTE OF THE WEEK:
As Jeremy Grantham observes,...
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mr_mourao | Rate it | 20-Feb-09 08:41 pm | ||
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I agree that this is probably a good buying opport...
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ronkk43 | Rate it | 21-Feb-09 11:56 am | ||
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Well, good luck with timing the market!
...
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mr_mourao | Rate it | 22-Feb-09 01:33 pm | ||
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I'M BUYING SOME MORE TODAY!
If the market holds...
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mr_mourao | Rate it | 2-Mar-09 12:38 pm | ||
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Cool! Got it at a cheap $12.99!! Now I'm just...
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mr_mourao | Rate it | 3-Mar-09 01:21 am | ||
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I'm hoping to add, but don't have any li...
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crosst12 | Rate it | 4-Mar-09 06:03 pm | ||
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Careful, now!
The very oversold...
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mr_mourao | Rate it | 5-Mar-09 01:08 am | ||
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There's no telling when this m...
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odyssey0800... | Rate it | 5-Mar-09 08:42 pm | ||
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Absolutely, thanks for that:)
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crosst12 | Rate it | 6-Mar-09 08:58 am | ||
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SOLD ALL ON FRIDAY AT $17.11
for a 32% gain in...
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mr_mourao | Rate it | 14-Mar-09 08:51 pm | ||
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LOL. Good place for the cash these days.
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odyssey0800... | Rate it | 14-Mar-09 09:32 pm | ||
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Be very careful!! You might blow your head o...
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flerpie | Rate it | 29-Apr-09 07:35 pm | ||
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As they say - timing is everything. Both...
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ronkk43 | Rate it | 6-May-09 10:32 am | ||
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lOOKING GOOD!!!! Yesterday DXZLX c...
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ronkk43 | Rate it | 2-Jun-09 10:22 am |
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