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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: 5,17,37,5,101,... who wrote (4457)10/28/1997 11:34:00 PM
From: Mason Barge  Read Replies (2) of 11555
 
<<I bought some at 9 3/4 . . . Alas, in hind sight i should
have dumped at 14>>

Jackson: Your purchase at 9 3/4 was astute. Your fantasy that you should have dumped at 14 is not. Obviously you didn't know that the market was going to tank, and IDT could have never seen the down side of 14 again. But you reasonably knew that it was going up above 10. So you really got both side right.

And I hope this shows you how completely out-to-lunch most street truisms are. "Don't average down" is terrible advice, which you have ignored to your benefit.
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