Good day to do a Pair Down trade into a stock you know
What I call a "Pair Down" trade is suffering a massive loss in order to end up with more shares of a DIFFERENT company than the one you wish to liquidate out of.
Company A: $18 a share LIQUIDATE
Company B: $9 a share BUY BUY BUY
Personally.. I love Video Games.. I know Video Games.... So my portfolio will benefit if I simply throw away my Steel Stock and buy a Video Game stock. I obviously don't understand Steel and commodities in general. Personally, I can't stomache commodities anymore and plan never to return to this sector.
ATVI ACTIVISION/BLIZZARD has plenty of video games in it's reportoire that I know and love and play to this day. I can't wait until Diablo III and Starcraft II come out and I hope my computer is fast enough to play them at a reasonable speed.