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Politics : Ask Michael Burke
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To: Kapusta Kid who wrote (23912)10/24/1997 11:30:00 PM
From: Mike McFarland  Read Replies (2) of 132070
 
I have about twenty stocks or CEF's that I follow,
so your posts which mentioned FPF (that's First
Philippine Fund everybody) caught my eye. I started
a thread (Generation X saving and investing) and
posted that the Philippines and Pakistan were my two
long term investments--but now I find myself out of
both (for fear on PKF and FPF reached my limit down
(I tell myself 20% is my trigger, but I actually
ended up sustaining damage to the tune of 25%).

Here is my question, and it can certainly apply to
trading tech stocks (I dont want to seem to out of
place with this on SI):
--Maybe I should have doubled down? I mean if you
say you're going to really hold something long term,
why is doubling down such a bad thing (I suspect
the answer is because 1. you occasionally run out
of money, or,2. you may be wrong forever).Thoughts?

By the way, my only two US stocks now are ASPT, Aspect
and OREM, Oregon Metalurgical. Nobody should buy these
without doing there own research however, I have no
skill at trading yet.
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