<<It is always a
risky, desparate strategy to average down>>
Boy, I don't know. Once I've evaluated the fundamentals, I'm
more than happy to average down. Did it with Telbras (93,91,
88,85) and Quantum (27 3/8, 25 1/2), and just today did it
with Oxford Health Plans (25 3/4, 23 1/4). What I always
fail to do is average up - as a rule, I don't want to find
myself caught up in the emotion of "it's up, so it looks
more attractive." If Quantum falls under 25, I'll average down some more. I use fundamentals to find investments then TA to
decide when to buy. Works.
Good Investing,
Mike |
