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Replies to #215 on Caveat Emptor
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a_charting_god

02/24/07 3:05 PM

#216 RE: creede #215

i tend to agree..

averaging down from a position bought way too high is a bad idea but if your somewhere around bottom im all for it......
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Briboy

02/24/07 3:33 PM

#217 RE: creede #215

Creede B: same here. I am by no means

an expert at averaging down, but like you said, micro pennies fluctuate and most of the time when I buy in (not by hype anymore) pps goes down. I talk to many who will then sell at their cut off point (example 25%) and move on. I respect there point of view.

I think each stock deserves to be treated on its own merits. If it is a company that has been around a while and the financials and chart looks good, then 'average down away', but if its a speculative position on a momo play maybe cutting your losses is more prudent.

OT: Oh, BTW: Jesus is awesome

briboy