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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST

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To: Olu Emuleomo who wrote (58034)5/23/1999 7:40:00 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 164684
 
Olu,

>> (The 1st law is not original. But it has saved my life. "Never avg down!")

OK you made me do it. Now I will bore you with a totally opposite anecdote. Last year I bought Teradyne when it fell from 50 to 42. 1k sh. Then it went to 35, another 1k sh, then 30, another. By the time it reached 16 I had accumulated 10k shares. Then investors decided they like Teradyne. It went up 4-fold. I sold the last a couple months ago at 59. That worked out very well. Of course I lost much of the profits shorting amzn.
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