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To: Steven Messina,L.M.T. who wrote (14120)5/28/1998 2:00:00 PM
From: Andrew Vance  Respond to of 17305
 
*AV*--I guess I am being called an amateur and cannot defend myself for the actions I take. Recently, with the motion of the market, it looks as if I deserve the moniker. However, to each his own and this amateur will continue to move forward with the same "bag of tricks" that have made me a highly profitable amateur. They can call me anything they want as long as I am still outshining a few professionals<GGG>.

Besides, Amateur status allows me to compete in the Olympics.<GGG>

Andrew



To: Steven Messina,L.M.T. who wrote (14120)5/28/1998 6:05:00 PM
From: Trader X  Read Replies (2) | Respond to of 17305
 
There's no such thing as "averaging down" or vice versa.

Each act of investing, buying shares at a specific price, is a separate event to itself. If you perceive two or more investments as connected somehow, it's only an illusion, or rationalization. If two separate buys of stock are "averaged" somehow, then so are every other stock buys that are made. Every buy you make is part of an "average".

-trader x


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