Wednesday, March 17, 2010 3:30:02 PM
You know as well as I do that there are some that put all they had into stocks hoping and wishing and praying that they picked the stock that is "Going to da moon". What about those that were buying @ .02 or .03 or .10 or .12? Those whose account is at less that 10% of the investment. What do you say to them? Oh yeah, "Buy more because this is the bottom and you can average down". That phrase is what gets people into trouble. "Average Down" is not suggested by many pros. Reverse pyramiding just digs a bigger hole deeper.
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