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Pastimes : Learning To Invest Correctly - A Shared Experience

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To: Bill Ulrich who wrote (4)	7/24/1998 7:37:00 PM
From: Nazbuster	of 253

Another term for averaging down I learned this last year (very painfully) is called, "Catching a Falling Knife". I did this with ASND, starting with 200 shares at 59, 200 at 41, 37, 35, then 31. At 22 1/2, I was out of money. Thankfully, it is back in the 50s! Just because a stock price looks "cheap" doesn't mean it is a good time to buy. I recommend buying several of the great books on Technical Analysis. They discuss stock chart patterns and the crowd psychology and behavior they represent. Understanding TA will improve your Buy-Hold-Sell decisions.

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