Hello Steemit Nation. Back sooner than expected unfortunately. Since my last purchase ($16.03) AQUA dropped substantially on guidance warnings to a low of $8.60 on Tuesday. Seeing the news after work and reading thoroughly, I decided to place bids early morning while most were asleep. I selected $9.25 as purchase price for all accounts Wednesday morning prior to work. All orders were filled at open of $9.10. The heavy volume and L.O.R. were $9.01 and $9.35 on Tuesday so I selected $9.25 as my premium price. This is my third purchase. Yes I know the rules but these are my rules, imagine bailing out on BX on my purchases in single digits in 08 and 09 or PRMW, WWE, and so many more. This was an IPO folks. You can’t make money in old fart 300 billion market cap companies like KO or see BUD – how about that divy. cut - only reason to hold BUD. I buy in small allotments and I’m prepared to buy one more and perhaps a fifth. However, no more than five purchases for any account. For instance even after buying BX or VEOEY at lows in 08 - 2010, I bought more after major dips down making it 4th or 5th purchase. See in Euro Crises 2011 beginning when all stocks crumbled (like 2nd purchase of BABA in China meltdown late Aug 2015) BX was steal at $11.00’s. AQUA may sink further after reporting period buy novice investors. However, the debt (hell see any industrial or any country’s national debt) load will increase as federal fund rate increases. However, the interest expense and news alone has driven away any wary or very conservative fund managers or big money investors. The rest of us will be patient and decide after earnings. See most fund managers don’t even consider equities below $10.00 or below $5.00 for sure. So this is going to be factored in very soon. Consolidation (which announced in guidance report) and insider buying at these current prices would help stabilize share price even more.
I do believe markets have factored in election results in USA. If not, after trading day Monday election will be factored in exchanges. A Republican landslide could give very small pop to markets. However this would not matter for companies like AQUA as that is more about debt. Speaking of which (unless war, famine, asteroid) the next concern will be December move by Federal Reserve. Will it be a 25 or 50 basis points increase?
Have a good week and God Bless.