Steve,
Thanks for the considerate answer. I was actually being somewhat sarcastic. I can see averaging down in a raging bull, but not in these market conditions, not with a stock so dangerously close to zero, and particularly not with LANPF, whose chart is simply a line going down diagonally from left to right. Averaging down makes the faulty assumption that the issue will rise again. Plaintree has fallen, and possibly can't get up. I see the same people on this board, cheering for Plaintree day after day, then wondering what is wrong with the stock as their capital falls to a minor fraction. There is nothing wrong with the stock. Only in the refusal to sell, or worse, the compulsion to buy more. Look at LANPF on a seasonal basis, you can see where to jump in for a pop, and then jump out. If you don't jump out, you're like the frog in the pot. Throw it into hot water, and it jumps out. Turn the heat up slowly, and it boils in its own juices. Just get out of the pot. Not trying to be harsh, just realistic. I'd hate to see someone lose their child's college education simply because they couldn't deal with being wrong. It's just part of the process. Use it right, and early, and it becomes a saving grace.
Good Trades to You,
Darrin |
