Friday, March 09, 2007

 

Closing Comments

I am in a bit of a rush, so I'll make this brief.

The market is fine. I am mincing the MVIS doubters. And, life is fucking golden at "The Fly's" office. I was up another 1.1% today.

I covered a few shorts, but still hold many inverse ETF's.

Next week, I intend on buying more MVIS, ADY, CENX and HANS.

NOTE: Make sure to visit this weekend. Woodshedder is likely to bust out his fucking charts, and stuff.

Comments:
Hi, I have a question-
why do you buy more MVIS at different price levels, rather than for example buying a big bunch when it dropped to the lower $3 range?

Just curious, because I kinda wish I had bought a lot more when it had dropped in price..
 
Mr Anshul

Check my archives. I have been buying MVIS since 1.88.
 
And I am very jealous of early buys :( But I wanted to see a little performance first since it was a spec play at the time. Unfortunantly I saw a shitload of performance before buying in the upper 2.7x range.
 
so if my reasoning is correct,
you are buying more at higher price levels so you can manage your risk better.
Feel free to correct me if i am completely wrong and i sound like a newbie
 
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