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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: SBHX who wrote (11455)	5/24/2000 5:27:00 PM
From: Greg h2o	Respond to of 60323

<<Every painful lesson I learnt as a novice investor says do not average down, do I break this rule? I've already broken a second one : sell when losses exceed 10%, but that's been happening a lot lately, what harm can bending the rule once do?>> maybe you just need to revise your rules. <g> i don't think either of those rules is useful, if you do your homework. sometimes bargains become better bargains for a reason (which is why rule #1 is popular with many "investors"). however, the trick is doing some legwork and deciding if there really is a fundamental reason for the decline. rule #2 is popular for the same reason...it just quantifies "when" you should exit. i mean, if you were shopping for, oh, say a Ford Expedition and they lowered the price 10%, would you say "i'm not going to buy it because it's 10% cheaper and there must be a good reason."? of course not, because you've already done more extensive homework on the purchase of that car than most people do in a lifetime of investing! good luck with your cameras and your stock...