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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Bazmataz who wrote (27279)8/7/1998 11:07:00 AM
From: Elmer  Read Replies (3) of 95453
 
Question for all of you who have been saying don't average down but wait for the market to tell you when to buy back in. Is now the time? Or is it a head fake? MDCO is up almost 30% in the last two days, do you get in now or do you wait? This is what I and some others were talking about when we said waiting for the market to tell you when to get back in sounds good but is so hard to implement. I have been averaging down in MDCO and have a good position already. For those of you who were waiting, do you buy now or do you wait and see if its a headfake. I have no idea what the answer is, but I am just pointing out how hard it is to implement the wait for the market to tell you strategy. If you wait, maybe you miss another 10%. What are you going to do?
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