RECOOOOOOOOOOOOOOOOOOOO!
BAC has taken a beating is down to $13.06/s. The only bright spot in our portfolio, as of now, is the 20% profit in ELP.
I motion that we sell ELP now for a 20% gain. Then, take the proceeds and buy 7 more shares of BAC at about $13.25/s. We'll dollar-cost average our BAC position from $20.25/s to $16.16/s and have about $40 remaining in our money market. With Patrick's confidence in ESLR, perhaps we can make a similar move with that company and be more poised for a bounce.
In conclusion, my vote is to sell ELP at a 20% gain and buy seven shares of BAC at $13.25/s or lower.
7 comments:
Lets do it. If only to sell at least one stock for a profit...
I second Money's notion...
I motion to set a "stop-loss" on ELP at 10.35 so that we only sell it if it drops back down but we still have a gain on it, let's see what happens as it's up pre-market so no reason to sell lower than we have to - but I like the train of thought on the BAC buy at this historic lows as it will emerge from the crisis financially sound full steam ahead.
Sounds good - I like it. I second it.
I don't know if we executed the $10.35/s stop loss, as ELP is sitting at $10.13/s as I type this. That said, BAC is down to $12.48/s. Let's dump ELP right now, take the 15% profit and buy BAC for even less than we wanted to two hours ago.
I remotion the notion of selling ELP immediately, walking with the 15% profit and buying 7 shares of BAC, which will lower our position below $16/s.
"Now, who's coming with me?"
Agreed - too bad we didn't get the order in.
i agree. lets take any profit we can get right now!
It appears everyone is on board with this, and so am I. i agree we should take a profit now and then lower our position with BAC. Its quite obvsious that BAC will not stay this low and bounce back strongly once we get thru this little crisis our country is in. So, i agree with selling ELP and then buying more BAC immediately.
Post a Comment