Originally Posted by
Stayontarget
It’s interesting, 81 pages in and I have not seen 1 post about people losing money on the JetBlue deal based on their share price offering. They all assume at $30 you would make gobs of money as if you purchased the shares right at the bottom. I purchased some of my shares at $35 and the rest at $26. This JetBlue deal would force me to sell some shares at a loss. As a shareholder why would I want that? How is that superior again?
I have no idea where the major institutions DCA is on their SAVE shares since they have been as high as $80 and as low as $8 but I doubt all happened to buy their millions of shares with perfect timing.
You've already been told exactly why your investment strategy is at a kindergarten level, but maybe this simple illustration will drive it home.
Just to be clear, if you bought the stock of a typewriter manufacturer for $40 just before the invention of the personal computer/word processor program, and that stock had fallen to $10, and another company offered to buy your shares for $20 a share, you would vote NO and wait for your shares to go back above $40???
I'm glad you will never manage my portfolio.