By: Scott Redler
I am now playing the cost average game from 1085 down to 1040. I never do this! But this opportunity seems too good to pass up.
I said I would do it on CNBC today, and I will stand by my word! It’s going to be hard to be perfect on buying this dip, but I am going to stick with it and do the best I can. For newer or more risk averse traders, perhaps wait until the lower end of my range (if we get there) to pick up some light size. Over the coming days, we will begin generating a list of stocks we want to buy on this sizable correction.
I think accumulating from 1085 down to 1040 if we get down that far will give me a great cost average cost trade for a move back to 1100-1120.
This trade is not for the faint of heart, I just wanted to share my thinking with the community.
