06-20-2014, 08:43 AM
(06-14-2014, 05:29 PM)DRILLINDK Wrote:(06-13-2014, 07:25 PM)earthtodan Wrote: So I said I wouldn't add, but I added 84 shares of ARCP at $11.84 in my Roth IRA because it was just too cheap to pass up. I sympathize with the concerns and criticisms people have with the CEO and recent transactions, but this price is just silly and I see it as a classic fear trade. I'll reduce my position if it hits 15.
The money came from selling part of my SDRL since it ran up a bit.
I did the same at 11.83. The fear trade is a powerful thing.
I added more recently too (though I didn't catch sub-$12
). I also couldn't resist the bargain. I am not quite as confident as you two seem to be, but I sure hope you are right!