whatever you do, don't sell low, that's obvious. If you needed the cash you have no business in the stock market. I I would say if it falls to 2. find out why it fell to 2, and decide to buy more or not.
Well I'm down a lot to. I have 7000 shares at a little over $8 but I just sold 50 contracts May $3 puts at .15 so if it hits $3 I'm going to average down which will get me below $6 and if they don't hit the $3 strike I collected the premium which brings down my over all cost and they do pay a small dividend about like the bank. I don't need the money and its in a retirement account so if it takes a few years so be it.
Ceil, you stated earlier that you were buying at these levels. What gives?
This is my play money so it really doesn't bother me (it will be back). I did learn a lesson the hard way, so to speak. My mind told me this was a sure thing, viz. monetary dilution + Lucky Friday mine = jackpot.....so I conjectured. Wow, what a #$%$ whipping.
the stock slowly appreciated to the lf opening, and then sold on news for profit taking. The PM's beatdown was way overblown. just wait until there is no silver on the market. right now cyprus is dumping it's gold. when they run out of gold to dump. only the miners have gold in the ground. and silver. so this is a long term investment. If i had more money I would pick up tons at these levels. IT is not going to 2. that is a load of horse #$%$