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Wednesday, May 23, 2007 12:31:51 PM
You wrote "I will however, throw you a bone. I assumed ( perhaps incorrectly) that Stocky was a somewhat intelligent trader. His techniques may be ridiculous and his manner is completely obnoxious but I (perhaps mistakenly) gave him credit for knowing the rudimentary rules of trading. The most important one being NEVER average down, it is a fools game. None but the most idiotic chase shares down the slope. The intelligent traders wait to see the pps start to climb before they jump on the train".
Well frog, once again you are wrong. It is true that averaging down is a fools game, but that applies mainly to stocks trading on the major exchanges. In pennyland it is a completely different ballgame. Averaging down can reap enormous profits since the risk/reward factor is so great. Those investing in penny stocks know the risks, or they should. Averaging down IS part of "the game" when investing in penny stocks. You're paid to bash, so I am sure you'll argue the point.
Don't intentionally mislead the board again as you usually do. You need to learn how to invest in penny stocks before pretending to be an expert.
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