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$15.90 -0.09 (-0.56%)
8/29/2008 3:24 PM

Wachovia Corp (WB)

CAPS Rating:
**

Provides a wide range of commercial and retail banking and trust services through full-service banking offices located in states throughout the Southeast. The company provides various other financial services, including mortgage and investment banking.

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Recs

3

Avatar humaninvestor (20.84) Submitted: 2/06/08 6:26 PM : Outperform Start Price: $33.12 WB Score: -49.62

Build position in 4 phases each of 25%. Select how much you want to invest in this stock and in first phase invest 25% amount of total investment you want to make.
If stock goes down [15%] keep averaging by adding 25% each time. Not more than 1 time in 1.5. months. So if stock keeps going down for 6 months you will be fully invested.
If in between stock keep going up don't average and go out if gain is 20% on investment.

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Avatar Deepfryer (35.91) Submitted: 5/07/08 10:45 AM

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Let me see if I follow this idea. If the stock keeps going down, you keep investing more. But if the stock goes up, you only invest 25% of the money that you have set aside for this stock? It seems like you're minimizing your potential profits, while maximizing your potential losses. Think about it. If you only invest 25% of your total "investement", and then you cash out after a 20% gain, you have really just gained 6.25% overall. And the other 75% of your investment just sits in the bank while the stock goes up? I don't like it.

If you have faith in the company, just invest it all today.

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