2 dragon fly candles in a row, page-7

MJM,

For the sake of just a few thousand dollars (assuming you are looking to purchase 100K-200K of shares), why is it so necessary to purchase at the absolute low of 12.5c. I have never understood why people do this.

I would much rather purchase at 13c and be relieved that I have bought back in around 15-20% lower than the previous high rather than pray and hope it gets to 12.5 so I can gain a measly few thousand dollars more. If you need that measly few thousand, do 1 quick day trade on another small cap stock then buy in at 13c and be safe.

If it suddenly jumps, just imagine how many shares less you will get and how much potential future earnings you could lose. Stubbornness, emotion and fear comes into play when it does go higher which only exacerbates the problem. Suddenly you see it jump but you wait and wait praying it comes back down because you are adamant of not being proved wrong. By the time you realise it aint coming back, you end up buying back in much higher. All this for 0.5c lolll trust me I have been there done that.

Thats my 2 cents. Or should i say my 0.5 cent.