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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (4391)	4/29/2000 12:38:00 PM
From: LANCE B	Read Replies (2) \| Respond to of 4792

THOUGHT OF THE DAY-AVERAGING DOWN... in every technical market this is a phrase used often for people that might have picked up some shares at the wrong time...in a smooth running market if you have a chance to cost your cost average per share down considerably it is a great tactic...so how about these thoughts on a summer like otc time...the otc market has hit a summer like time like we see in august and september,just like i have never seen the otc market have no ceiling in the first 3 months of the year,we are now witnessing no bottoms either... so if you paid 9k dollars for 6k of a 1.50 stock,is it worth it to pick up say 9k of the stock if it hits .90 cents....this is the debate that a lot of people are face with... so now my thought; in this type of market this might not be the best way of thinking,i personally would rather have out only 9k and down 5k on the investment than put out another 9k ...even if stock had turned to 1.05,is it really worth in your mind to only be down 15 or 20 cents a share with 18k out or down 45 cents on the 9k...that is the dilemma...as i constantly say over and over to investors in the stockpit,in the otc market today's lows,might be tomorrow's highs.... i would rather keep a good eye on my stocks that i am following and believe to have a strong future from the sidelines ,than to have the mm's keep stealing my hard earned money from me... so the argument is-well if it has a future,what difference does it make.....losses have a way of messing with the mind...it makes you start questioning yourself and your abilities and whether or not you have just been flat out lucky... now when does one consider averaging down- their is one big difference to stocks being at a low from their high or just flat out being destroyed.this is what you have to keep in mind,if november to march 14 was just a fluke(pigs can fly time) than can you really judge stock prices from these times....this is what the biggest problem is,is a stock that was $10 2 months ago a value at $2,when in reality just 3 months ago it was .40 cents...well at 2.00 there is still a 1.99 loss risk still intact,for those that play the otc market for a while know that the comment is not that far off base in this wacky manipulated market of ours... so as what i am doing,well if the market makers will allow a 10 minute play in stocks like (pfck,gont,akhi,aryn,pcbm,wasp) than i will try to grab them in the beginning of the run or i will pass,but i also know to have my sell order and egg timer going to sell with no greed for bigger profits...have their been exceptions,yes talle,fonx,meho,but the investor has been burnt with greed the following morning looking for the dip...but if 20 minute flipping is not your style or not able to invest that way,then i suggest you do what i do on my long term plays,wait it out and wait until the mm's determine it is the right time for that way of thinking...i would rather pay a nickel or a dime for what i consider a good sound company at the right time,than be running low on cash and doubting your abilities in a manipulated calculated stealing time.....