>>I've read where you've stated to some that it is their fault they lost money because they should have averaged down. Nothing personal, but that's about the most absurd thing I've ever heard. <<
--No it is not absurd it is the only way to make this kind of play
--pay off in the long run. If you don't take advantage of the stock
--at these prices you are crazy.
Quite the contrary... if you take 'advantage' of this stock at these prices, THEN you are crazy. Investing in this type of stock a year ago took a Gambler's Mentality. Investing in it now takes a Dumb Gambler's Mentality.
>>The only reason these people (myself included) lost money is because they bought a complete dog of a stock, not because they failed to average down. Likewise, as we watch, it's still fading. Averaging down would only add more pain to a long and painful ride.<<
--It would turn a loser into a winner. You are too scared to do it.
--If you don't have the stomach for this kind of investing then stop --posting here.
Not too scared, just not that stupid. If I didn't have the stomach for this type of investing, then I wouldn't do it. Common sense tells me there are mucho better risk/reward opportunities out there.
Steve - again, I hope you do well with this stock. But if you think people are going to stop posting at your request, then you're the one being naive. I'll post anywhere I want anytime I want, and I'm sure others will do the same.
Good Luck - JN
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