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To: Witold who wrote (5443)6/9/1999 3:10:00 PM
From: Joe Lyddon  Respond to of 18366
 
OK... The main reason I've been told to never average down was:

If the stock was a good buy when you BOT it and it's moving down, why is it a better buy than before?

It's always been a stickler for me...

I've done it getting both good & bad results...

I think what the bottom-line answer amounts to is:

Have the REASONS you bought it in the first place changed?
If not, BUY THE FARM!

Sound logical?

Thank you,
Joe