There are rare occurrences when this situation presents itself. Last time was in 2008. Here is link from 2008 explaining situation.
https://www.madjacksports.com/forum/...s-a-no-brainer
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Situation occurred recently in March of 2020. Gas dropped below $2.00/gal. I bought 1000 shares at $9.54. Sold 1/2 (500 shares) 10-7-2020 to recover initial cost and took free ride on remaining 500 shares. Planned to sell them when gas reached $3.00/gal however due to certain circumstances decided to wait for $4.00/gal. Then got greedy and decide to wait or $5/gal. It reached $4.99 here in bowling green but not $5. that penny and greed cost me a few thousand dollars as I closed out position yesterday @ $64.08. Am happy with the net $32,540 of free gas. Should last wife and I many years.
https://www.madjacksports.com/forum/...s-a-no-brainer
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Situation occurred recently in March of 2020. Gas dropped below $2.00/gal. I bought 1000 shares at $9.54. Sold 1/2 (500 shares) 10-7-2020 to recover initial cost and took free ride on remaining 500 shares. Planned to sell them when gas reached $3.00/gal however due to certain circumstances decided to wait for $4.00/gal. Then got greedy and decide to wait or $5/gal. It reached $4.99 here in bowling green but not $5. that penny and greed cost me a few thousand dollars as I closed out position yesterday @ $64.08. Am happy with the net $32,540 of free gas. Should last wife and I many years.
UGA | +3.64 | +1,820.00 | 500 | 9.54 | 65.08 | 32,540.00 | +27,770.00 | 0.00% | - | Mar 24, 2020 | - | - | sold500@$20.60 10-7-20 sold500@ $64.08 7-7-22 |