No. of Recommendations: 13
It is now $164 this morning, a day after the $159.90. That is up 8.3% from $151.46 over 2 days. If you can sustain this, Jim, you will be achieving for many Shrewd'm readers an annualised return of 1.083^(365/2) = 2 million times starting capital.
Two comments---
First, there are only 252 trading days in a year, 2 days = 1/126 of a year, so I figure it would really only be 22531 times your capital : )
Perhaps more importantly, I wasn't specifically calling a bottom, just a good entry. (at most, "near enough to the bottom" could be inferred)
The only actual prediction in the post was that the price would hit $250 again some day, soon enough to offer a good rate of return with low risk.
If/when that happens, let's see if my future goggles were working that day!
The current price of $164.32 is still quite a better than where I bought on this dip.
Jim
