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Re: dropdeadfred post# 22900

Wednesday, 02/04/2004 5:41:25 PM

Wednesday, February 04, 2004 5:41:25 PM

Post# of 32434
DDF-

No. Sane investors don't ever average down. Of course I have done so many times. If you have shares bought at a dime or even one lousy penny, you can never average down low enough to break even. Fugetaboutit. What you can do is look at it as an entirely different transaction. I have been thinking about doing this myself. Buy at .0001 and then put in a sell order at .0002. If the asks goes to .0003, there might be a spike in the bid to .0002. I doubt it and the down side, of course, is that you won't be able to get your .0001 back and will have to insert another zero after the decimal place for a 90% loss. Of course you still have the problem that if it ever did get to a bid of .0002, the MMs are going to give that action to the big boys, not one of us.

Later,

Geo.

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