Okay, so...

[RogueWriter]

AFLAC hit a low of $25, down from $72 and I said, "It can't go much lower", so I bought. :sold: Then AFLAC hit a low of $19, and I felt a little silly, and said, "Wow, it really can't go much lower", and I bought. :sold: Then AFLAC hit a low of $15.35, and I said, "Uhhh, surely to God, that is as low as it can get, it's ready to rebound now, baby, I mean c'mon", so I bought. :sold:

Earlier today, it hit $12.75, but I did not buy it. :hehe:

 

[yilduz]

lol stop buying it! If you bought three times, your probably have enough. Wait for it to go back up now. :p

 

[RogueWriter]

lol, yeah, I think so too. But, I can't help but think there are all sorts of buying opportunities in the stock market right now.

It's a gamble, though, hoping that there are enough democrats in congress left with some sense that you can't implement all of Obama's anti business policies right now.

 

[CrazyTech]

It's all really going to depend on a bottom. I called below 7,000 back last year when this all started; matter fact a friend of mine could tell you I said the Dow will go to 6k-7k before this is over. Admittedly, I'm afraid it will go lower.

I jumped in on Ambac last year -- yes I know it was risky, but it worked! So I know how you feel. I don't know that we've reached bottom quite yet, but when it does turn, there are going to be some darn good bargains!

 

[johname]

Fitch Downgrades AFLAC Inc. & Subsidiaries; Remain on Watch Negative

http://www.businesswire.com/portal/...d=news_view&newsId=20090306005506&newsLang=en

 

[RogueWriter]

Yeah, AFLAC has some investments that are at risk, but I don't think that risk justified an 80% drop, lol.

 

[CrazyTech]

Bad news will be multiplied in a bad economy, that's a general rule of thumb IMHO. That's what makes it all so risky, but that's also what increases the reward in the end if done right. (And that can be a big 'if.')

 

[shockie]

so you're dollar cost averaging... i don't see a problem there. :blink:

 

[RogueWriter]

Yeah, lmao, dollar cost averaging, only not on purpose, hehe. :hehe:

 

[notlikeyou]

so you're dollar cost averaging... i don't see a problem there. :blink:

"Catch a falling knife" vs. "dollar cost averaging"

Very fine line between the two, but it's a rather significant one. Keep your head up!

 

[RogueWriter]

Using money I dont need for 10-20 years, investing right now will have to be a long term proposition, IMO.

 

[notlikeyou]

Using money I dont need for 10-20 years, investing right now will have to be a long term proposition, IMO.

Still seems to me like the sale of the century, I'm picking up positions at a fraction of what they should be. With my time horizon, (long) I'm looking to add a significant amount of money toward my retirement.