Saturday, September 24, 2011 1:20:02 PM
I have read and been told by many smart and experienced investors that averaging down is throwing away good money. Now I wish I would have followed their advice.
I will admit that I was a believer in MMTE and that is why I held to the point of such large losses. It was a very poor investment move but at the time I believed in the DD that I had done. Then there were several things that created questions and concerns and then the lawsuit and once all those were connected and further DD was done well...the rest is history down the drain.
In terms of the big boards - you are certainly correct. I had N**flix for quite some time and managed to get out before the huge drop. I also am in F*RD and will hold it since these are the lowest levels in a very long time!
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