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jbsliverer

03/17/10 3:51 PM

#80097 RE: Lonsenior #80077

You call it lessons in life of trading. Most of us have learned them at some point. Only a very few get lucky enough not to have the lessons.

milehighbuck

03/17/10 3:55 PM

#80099 RE: Lonsenior #80077

"A fool and their money are lucky to get together in the first place"

greedy__malone

03/17/10 4:20 PM

#80101 RE: Lonsenior #80077

Lon averaging down is what one does when they were unable to accurately predict the movement of the stock in the first place. And to think that one was mistaken at nearly every level here would eventually sink in that they are just mistaken about the stock entirely.

Maybe not I guess.

Averaging down is a horrible strategy as it ties up more money in a bad investment decision.