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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (12171)	5/11/2002 5:01:06 PM
From: isopatch	Read Replies (2) \| Respond to of 36161

Exactly. Have always made more money averaging up. Averaging down, especially in a primary downtrend, is little more than another form of the denial mentality. It can takes years to break even. Been there, done that.......and it don't work. Isopatch

To: Frank Pembleton who wrote (12171)	5/12/2002 2:50:50 AM
From: nspolar	Respond to of 36161

Frank, your buys mirror mine, or mine mirror yours!!!! What I'm still a little irritated at was that I had plenty of cash to buy a lot more in the .40 area than I did, and in hindsight it was a little silly not to. Buying at .40 is a whole lot different than 1.00, and if this is 10 bagger, the difference in gains for the same amount in is rather awesome. I don't trade as often or aggressively as many, but I have noted that during the course of this bull run I've probably hurt myself a little by waiting for a better buy. Doubt if I'm alone in that camp, and I suspect it has a little to do with climbing that wall of worry. I'm trying to recognize that and correct it, without going too far overboard. Adding as it goes up is marvelous, but taking proper advantage of ops when they present themselves is also prudent. Who knows, this PM bull may be the best sector bull I'll ever see. They don't come around every year. From what I can sense there aren't all that many folks yet taking advantage of PM ops either. A lot of idiots are still riding the general market down, or trying to ST trade it on the way down. At least those in my 'office' neck of the woods seem to be of this bent, just like many on the various boards. This is probably a good indicator in that this PM thing still has a long long ways to run.