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Msg  300 of 308  at  7/18/2008 11:27:04 AM  by

towigg1964


 In response to msg 297 by  gurdjieff_2000
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Re: Trading Range

Same here, except I would have to start using margin, as I am already fully invested, and then some already into margin.  I bought some extremely cheap but profitable financials (RF, ACAS) with extremely high dividend yields and very low PE ratios at the beginning of the week to take advantage of what I thought was going to be a rally in financial stocks.  But I am not selling them, since they went up only 30% to 40% the last couple of days, from extremely cheap to only very cheap, from extremely high dividend yields to only very high dividend yields.
 
If ACAS dips to the $26 range or lower, will dip more into the margin balance to buy more.


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