Jollie has acquired 100,000 units at $4.57 the other day. So, if DOW is going down and if you were one of the DOW directors would you take an additional exposure (double your bet), or would you sell your lot claiming you needed to pay off your mortgage (BP's CEO did just that before the oil spill). I am sure we will soon find out.
Certainly, traders have been active with this stock. While mid/long term investors perhaps could close their eyes and stop checking the SP every 5min. This type of volatility can not last for too long. I have one lot that I purchased just under $7. One at $4.60 and will be awaiting the news before I decide what my next action is. If it is positive - I am topping up/averaging down, if not will wait till the next wave of dumping passes before I double up. That way my average price will be tolerable for a medium term investment.
DOW Price at posting:
$4.23 Sentiment: None Disclosure: Held
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