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At 11:31 AM 11/10/98 -0500, Robert wrote:
>
>Best defense you could make with Omega is you can only lose a buck if your
>wrong.
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First of all, one doesn't just buy 1 share. So the risk is more than $1.
Second, one would not just plunge in at $1. Either wait for some indicator
(such as moving average or rsi etc) for a turnaround or wait for a better
(?) price, maybe around $0.50 to $0.75, which may or may not happen, and if
it happens, the price can still plunge further down.
There's where averaging down comes in. Never plunge in with all the money
reserved for OMGA purchase. Start with, say 25% of the amount to be
invested, and plan for more averaging down.
ULTIMATELY, ONE REALLY HAS TO DECIDE WHETHER OMGA WILL STILL EXIST IN THE
NEXT 5-10 YEARS. Unfortunately, I don't have the answwer !!!
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