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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: Y-fall who wrote (3253)	4/2/1998 3:41:00 PM
From: Sidney Reilly	Read Replies (4) \| Respond to of 4736

Paul, We are in exactly the same boat. My average is .33 after first being in at 1.06 and then averaging down. It's been a rough few days and I am criticizing myself thoroughly for not doing things differently. I will not be likely to make the same mistakes again; ie. not selling when things turned down. The books I've read pretty much agree that averaging down is not a good investment strategy but a lot of investors do it and some even make it work for them. It's just another gamble. I am considering it again myself. I wouldn't even think about it except the fundamentals of the company have not changed, they may even have gotten better with PE gone. I don't encourage anyone to buy more though, God forbid that I would hype here!! ^^&^%$$#@%$#!@%$# <ggggg> Bob