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Microcap & Penny Stocks : EDII
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To: Jeff P who wrote (1299)6/16/1998 6:23:00 PM
From: Aggie   of 2849
 
Jeff, Howdy

Let's say you buy IBW (international buggy whips), 1000 shares, at $10/share. The next week, the automobile gets invented and IBW goes to $5.

Being conservative, you believe the automobile is a flash-in-the-pan fad which will never replace the dependable horse. You then decide to average down your position by buying another 1000 shares at $5, which lowers the average cost of your IBW position to $7.50/share.

Horsefully yours,

Aggie
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