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To: KZAP who wrote (534)2/16/1998 11:28:00 AM
From: LPasko  Read Replies (2) | Respond to of 3222
 
I suppose I've heard a lot of people over the years poke fun at the average down crowd by saying things such as: "If you liked Oxford at 75, you should love it at 15!." I do believe that if a stock is in a trading range, you should try to buy it on dips.

But if you buy a stock you think is solid, and it doubles, I think it is illogical to conclude that you should take your winnings and go home, rather than add to your position. It all comes down to DD--if the rise is due to hype or hysteria, bail out as if you'd hit an iceberg! If the rise is due to the Company finally realizing its potential, and the future STILL looks bright, adding more rather than bailing out may be the best investment decision (hey, that's the way Warren Buffett does it).