Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (16757)	1/29/2000 9:05:00 AM
From: KY	Read Replies (1) of 54805

UF, On averaging down... I have a feeling that many Q investors were averaging down around the 110 level and will probably do the same at 100. The question I have is, what is the difference between buying at 110 on the way up to 200 vs. buying on the way down at 110? Both investors are feeling the same pain right now (unless you were smart enough to unload at the top...I'm not). To tell you the truth, I don't know which is worst...throwing good money after bad (averaging down) or throwing good money after the greater fools who are chasing a hot stock to the top? If you are intending to hold Q for a few years, either scenerio makes little difference. I'll be "averaging down" at 100 for sure as the short term risk continues to get squeezed out of the Q. KY

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