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Buying Opportunities Exist On Big Market Dips

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Today, the Dow Jones Industrial Average fell 370 points (-2.9%), the NASDAQ fell 3.1% and the S&P 500 Index fell 3.2%. Should you chase the falling market and buy now, or should you wait?

My strategy hedges a little of each. I'm sitting on over $750,000 cash and decided after the bell to put in limit orders (good til cancel) to buy more of each of my current holdings at their three-month low price. I will keep the orders open until February 15. I may get a few three-month low prices. Any remaining open orders will be converted to market orders at that time.

Pierre Cutler
The Sacramento Executive

Tuesday February 05, 2008 : 05:02 PM

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