Boy, do I feel bad for you all, my average is 10.60. 10 is and will be a hard number to go through. Give me near 15. and I,m history. Good luck to all.
Try some "AUY" for a change. Looks to be just coming out off the bottom with gold.
Nibbled lightly at it last year when it would dip under $50. Started buying in blocs when it went under $45.
I've been staying in front my the margin calls the last two weeks, but continued to add. I think I'm averaged in around $26.50 now.
I'm in for the long term, plan to never sell... Won't bother me much, if the current div does get cut for 2009. It'll be restored in the future, and I will have accumulated a pile of it at a great basis value.
10.70sh today all in with my saving./rrsp. I don;t need the money and it is best buy bac if you want to invest in chinese banks.
bac holding 19.13% of china construction bank ccb sehk: 0939.
don't fool youself, bac not citi. Look at today citi drop another 20% while bac up 2%. Smart people will find out if all the bad banks gone. Bac will be their only choose.
In excess of 8000 shares for me at a average price of $40.00. I will continue to hold,collect my dividends at this point and wait for it to go up. You know and I know in time it will go up. However I will also admit this market is gut wrenching,but I have been here before.
You have too many shares to average down efficiently, so I believe you are doing the right thing by holding, and hoping for the best. You might have to wait quite awhile to breakeven, maybe three or so years.
I was in somewhat the same boat as you until today, but with far fewer shares. I had 500 shares at an average cost of $49 or so. Today I bought another 500 shares @ $10.25 to lower my average cost down to a more reasonable $29. Not great but better than where I was. Hopefully I can breakeven in 1 year. Good luck to you.
jamesgammons, I am not calling you a liar, but it's hard for me to believe you have that much money and no exit strategy or trading plan. Why no stop losses, exits strategies, protective puts? You have lost a fortune by not having a plan.
I don't think BAC will go bankrupt so you will eventually get your money back, but why put yourself through all this?
i dont know and dont want to figure out cause i might cry
1000 @ 51
1000 @ 50
100 @ 45
just feel like i got sucker written all over me