Did you scale it in George...when we were under $13.....
My position's in ERS
1000@18.50 (6/1/2006)
3000@17.05 (6/6/2006)
5000@15.01 (6/8/2006)
9000@12.72 (6/13/2006)
18000 shares @ 14.40 (AVG.) Cost=$259,180.00
Today's close $15.05
Thought I was going to take a bath in this stock....This position was pretty large for me considering it's Mkt. Cap......I sold off 12,000 shares today@15.13.....$181,560.00 taken out of my cost....
$77,620 current $ cost of position on 6000 shares Avg price=$12.94 with no capital gain.....I got $2 to the down side before I break even and I feel much better about this position....
A nice example of scaling in a position on a falling knife!!!!!
$COSTAvergageMAN
