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John,isn't the game to buy low,well Bay is low now,why not buy more?Averaging down is how my uncle became a multi-millionaire. He would buy a company and as it fell he would buy more,always seemed to buy companies he had faith in. Faith is the refusal to panic and to sell low. If you dont have faith in a company and you haven't done due deiligence and looked at the fundamentals then better to buy mutual funds. Also Coms was floundering in 1990 when Bienamou took over, its stock was trading at 3. If you follow the history of the market closely,the most money has been when analysts are negative,new management comes in with a vision, and turns the company around. BAY is looking like its time to buy more,rather than sell to me,but I could be wrong,who knows human behavior. All I know is that it seems people have little faith in what they buy anymore,and panic much more easily. Tim |
