If you are in higher PLEASE, PLEASE, PLEASE DO NOT SELL!!!!
YOU ONLY LOOSE WHEN YOU SELL!!!!!!
Instead BUY MORE HERE!!!! COST AVERAGE YOUR PRICE YOU ARE IN HIGHER AT DOWN!
HERE IS HOW IT WORKS:
SAY YOU HAVE 1000 SHARES OF CHK AT 19.93
NOW LETS SAY YOU BOUGHT 1000 MORE SHARES AT THE CLOSING PRICE OF TODAY OF 15.81
TAKE THE TOTAL DOLLAR AMOUNTS AND ADD THEM TOGETHER
19.93 X 1000 = 19,930.00 & 15.81 X 1000 = 15,810.00
ADD BOTH TOGETHER = 35,740 AND DIVIDE INTO THE 2000 SHARES YOU NOW HAVE
35,740.00 DIVIDED INTO 2000 = 17.87 AS A NEW PRICE YOU ARE IN AT AND NOT 19.93 ANYMORE. BY BUYING JUST AS MANY SHARES AT THIS CURRENT PRICE, YOU HAVE BROUGHT THE OLD PRICE YOU WERE IN AT DOWN BY 2.06!
Of couse the more you buy at this level, the lower the price will become.
When the price gets back to 17.87 and above, you will be making $20.00 a penny above the price of 17.87
For all who are in higher, fight fire with fire and buy!!!
You can monitor the shares that you are buying now and place stops below these shares you are buying today to make sure the price is headed back up. If not, you can get stopped out and buy more at a lower level and bring the higher prices down if it goes lower and also bring the cost average down as well.
GL Get creative and remember you only loose when you sell. Just think of what you could do today and how much more you will have when the price gets back to 25 and above!