EDII Message Board - Msg: 4889278

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Microcap & Penny Stocks : EDII

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To: Jeff P who wrote (1299)	6/16/1998 6:27:00 PM
From: thomas oakley	of 2849

If you bought 20,000 shares of this stock at .80=16,000 to average down(which I think is a good idea--not necessarily on this stock yet)you would wait untill the price settles a little than purchase another 20,000 shares at the then lower price of say .40=8,000 so your total # of shares is now 40,000 and your total cost is 24,000 bringing your total cost average to .60 a share---so if the price goes up to .80 again you make .20 a share on the 40,000 shares even though the price has just gone back to where it was originaly a little to slow

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