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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: goldsheet who wrote (51270)	4/10/2000 1:02:00 AM
From: Rarebird	Read Replies (1) of 116837

<Discipline is required to cut losses before they get that bad.> That is surely the conventional wisdom. But I disagree. It depends on the fundamentals of the particular stock, the float, sector, economic environment and the type of purchase you make initially. Some of my best investments have been in high tech stocks that initially fell 50% over a very short period of time for no good fundamental reason. I, for one, rarely take a full position when I buy a stock initially. I do my research thoroughly and am only to happy to buy more as it stabilizes after its decline. If I liked an equity at $90, for instance, why shouldn't I like it at $45. Many tech stocks fell 50% during the most recent downturn, including one that I presently own. By buying the bargain, I'm now in the black. Some stocks go up and down 20%-30% over the period of a week on a regular basis. The point is to know what you own.

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