I have various reasons for doing it, including averaging down my cost which is quite higher.
I don't think averaging down is statistically a good idea. If you bought at $12, was it a good idea to buy at $10? How about $8? I suppose if you thought INPR was a good investment at $12 and there's been no change in your evaluation then you should buy more; in that case the reduction in your average price becomes an artifact, not a goal.
I really don't like the management that much, but I do have a lot of faith in the company's tools from Delphi, JBuilder and the rest of it.
Well, I don't dislike the management; after all, their incompetence isn't intentional. In terms of the tools, well, they're third-rate at best. They release sub-alpha quality products with bad documentation, poor support and a dearth of collateral material. Nope, you won't catch me buying an Inprise product in the near future if ever.
I've resigned myself to the realization that they actually believe they're doing a good job and that their excuses are valid. I beg to differ and solve the problem by buying products from other vendors.
The stock is near it's low. Isn't this when it should be bought?
I don't think that's a good rule either. Why is it near its low and what makes you think it won't go lower? Again, if you thought it was a good investment at $12 and that hasn't changed, keep buying regardless of where it is relative to its low. There are more and better opportunities out there, however, I'm not saying INPR isn't going up, I don't know and I don't care to gamble given what I perceive as the limited upside of an incompetent company with sub-par products in a saturated market. |
