thanks jhhot2000, but remember I also run a diversified portfolio, never a concentrated portfolio. Most of my positions either 1 or 2% of the portfolio, a few around the 4-5% of the portfolio and never more than 10% of the portfolio.
Right now PDL is just above 1% of the portfolio. Plenty of room for me to dollar average downwards if Mr Market gives me the opportunity, and at the end of the day if I am wrong (and I can be wrong), I shouldn't blow up my whole portfolio given the diversified nature of the portfolio.
PDL Price at posting:
$4.33 Sentiment: None Disclosure: Held