it being positioned here at this price with the DOW at 7950.... any decline, especially one over 100 points, this will easily move much lower.
My target has been $3.8 but now we are set up to go much lower. The $3.80 was set assuming the DOW hits 7750.....should the DOW go below this level and I believe we will within the next 90 days, we could hit the high $2's.
I'm torn about selling now and re-buying much lower and I firmly believe this is headed much lower....I guess I just answered my question.
if you ask most stock owners - here is how it will play out for you
if you sell waiting for a much lower price
the stock will go up and
if you hold thinking this is the low it will
go a lot lower.
How many stockbrokers does it take to change a light bulb?
"My God! It burnt out!! Sell all my G.E. stock NOW!!!"
Two. One to take out the bulb and drop it, and the other to try and sell it before it crashes (knowing that it's already burned out).
October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February.
Two women were walking through the woods when a frog called out to them and said: "Help me, ladies! I am a stockbroker who, through an evil witch's curse, has been transformed into a frog. If one of you will kiss me, I'll be returned to my former state!"
One woman took out her purse, grabbed the frog, and stuffed it inside her handbag. The other woman, aghast, screamed, "Didn't you hear him? If you kiss him, he'll turn into a stockbroker!"
The second woman replied, "Sure, but these days a talking frog is worth more than a stockbroker!"
The Walton's invited their new neighbors over to dinner. During dinner Mr.Walton was asked what he did for a living.
Eight years old Brian Walton jumped in and said, "Daddy is a fisherman!" To which Mrs.Walton replied, "Brian, why do say that. Your daddy is a stockbroker, not a fisherman."
"No mom. Everytime we visit dad at work and he hangs up the phone he laughs, rubs his hands together and says 'I just caught another fish'."
HOW BANKERS DO IT
Bankers do it risk-free.
Bankers do it just for money.
Bankers charge a fee each time they do it.
Bankers do it with varying rates of interest.
Bankers do it with a penalty for early withdrawal.
A man walks into a New York City bank and says he wants to borrow $2,000 for three weeks. The loan officer asks him what kind of collateral he has. The man says "I've got a Rolls Royce -- keep it until the loan is paid off -- here are the keys." The loan officer promptly has the car driven into the bank's underground parking for safe keeping, and gives the man $2,000.
Three weeks later the man comes into the bank, pays back the $2,000 loan, plus $10 interest, and regains possession of the Rolls Royce. The loan officer asks him, "Sir, if I may ask, why would a man who drives a Rolls Royce need to borrow two thousand dollars?"
The man answers, "I had to go to Europe for three weeks, and where else could I store a Rolls Royce for that long for ten dollars?"