Friday, November 21, 2008

Double Your Shares at Half the Price!

Seriously, the economy is in the dumps, and everyone knows it, but few dare to plan ahead for a potential future turnaround. I recently set several limit orders to double the companies for which I am still optimistic, thinking that I lowballed the numbers - maybe it would bottom at those levels in a few weeks.

Within two days, I essentially doubled my portfolio because the market dipped that dramatically. I hope that this is the bottom, but if it isn't, I'm lowballing my limit orders again.

My advice to people is to secure food and shelter for you and those for whom you are responsible...then take some risks that may be foolhardy to many but calculated to you.

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