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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (39801)	10/27/2010 8:19:31 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78464

Congrats, nice acquisition history, much better than mine. I'm not you, but if I were, I'd take the money and run, particularly with the profit you could book.

To: Paul Senior who wrote (39801)	10/28/2010 6:52:32 AM
From: Madharry	Read Replies (2) \| Respond to of 78464

averaging down sounds like a great idea unless the company goes belly up in which case it turns out not to have been such a good idea. it worked well for me with silver wheaton not so well with apex silver or ccrt. My guess is that those who averaged down with C or WAMU are not too pleased either. As far as cruise lines goes, one money manager brought up one of them i cant remember which one and said that the company has produced negative free cash flow in each of the past 5 years so who knows what it is worth. I purchased shares in another chinese company and averaged up on pelangio yesterday. I am guessing that over all averaging up has worked out better for me than averaging down.