going north, page-2

"did someone here wanted to buy CCL UNDER $5 a month ago??....."


I remember having this discussion (it might have been with TheAnalyser) in August.

I bought CCL at $6.12 and had more orders in Commsec at 5% intervals below that, hoping to pick up as many as I could when the market was going crazy.
That is my usual technique in situations like that. Set a target of shares I want to pick up, and if I end up with more than I set out to buy (ie the price keeps dropping and I exceed my target) I sell some on the rebound, making sure that I average near bottom prices.
Obviously this method works if you are more confident about the long-term prospects of the company than the market is. At some point you simply have to get the chequebook out and buy.
You cant expect the market to keep falling.
If you like the price, buy. If the price falls further, you should like it more.

The extra bonus with CCL is that 20 years after Buffet had his KO coup, we get a chance to make money the *BUFFET WAY*.

(As an aside, people talk about crashes and what not, procastrinate, never buy anything, never own anything. To this I can only say that it was only 2 months ago that Ansell was $8, TTS was $2.60, RIN was $12, TOL was $12. What else do people want. Wasnt that enough of a crash ?)