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Paul P

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Paul P

Re: None

Thursday, 02/10/2005 9:24:16 AM

Thursday, February 10, 2005 9:24:16 AM

Post# of 53792
Well, not much to talk about here, obviously. I'm not a trader, and have no idea about where this puppy is headed in the short term.

I will say this, however. I've heard some talk about averaging down, and that my friends is a ridiculous notion concocted by stock brokers to accomplish two things: 1) generate commissions, and 2) pacify unsophisticated clients who are mad at them for the losing position then hold.

Averaging down is a stupid thing to do.


These are my personal observations, opinions and calculations only, and should not be relied upon for any investment decisions. I strongly urge you to do your own due diligence before any decision to buy or sell securities.

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