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Technology Stocks : Corel - Investors with no Humor
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To: Mr. Bean who wrote (138)9/29/1997 1:42:00 PM
From: gregor   of 1094
 
Couldn't help not making a comment about averaging down. i view that theory like the bell curve. 60% to 70% of the time don't do it , your judgement is off. 20% to 30% of the time allow yourself one average down. 10 to 20% , allow two, and 5 % of time allow three, more than three 1 %. Sorry to butt in but I did not get sucked into averaging down on Corel. A better strategy is to sell and but back in later if you are still interested.

I averaged down early on in a company called White Motor, bought out by Volvo. Started averaging down at 5.00 and seven average downs later I was buying at 50 cents. It went belly up and I lost 100% of my investment. I think Volvo paid a dollar for the company and assumed a bunch of debt, totally wiping out the stockholders...

I believe that Corel COULD end up like that maybe 5% to 10% chance of it...........gregor
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