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Biotech / Medical : Coherent (COHR) : Anyone else holding?
COHR 159.31+3.1%11:07 AM EST

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To: appro who wrote (433)1/30/1998 1:46:00 PM
From: scott   of 788
 
Some people say to NEVER, NEVER, NEVER average down. Don't be too hard on yourselves!!! Anybody (includings crowds and groups) can be wrong about an investment. If this (COHR) is a solid long term growth investment (which I believe it is), then the difference between 33 and 44 will not seem that significant eventually. And, if there was behind the scenes deterioration in business, scandle, whatever, then it would have been more important to limit losses.

But hey, then some people say to never say never!!! Yes it looks pretty stupid from this angle to not have bought more in the 30's. Isn't investing fun!!!
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