Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GALT - Galileo Technology -- Ignore unavailable to you. Want to Upgrade?

To: Matthew who wrote (85)	6/4/1998 12:01:00 AM
From: Ron Kline	Read Replies (1) \| Respond to of 584

Matthew, I don't want to tell you what to do but I have found that averaging down is not the best way to make a lot of money in the market. I have found that weak stocks usually stay weak, and when the market comes back you will find that the strong go up more than the weak. I have learned to do opposite of what you are doing, to sell when they get weak, and buy more when they are strong. I bought GALTF at 29 in Feb. and rode the stock up to over $40, but realized as it came down to $30 that something was up. Even though I didn't make the gain selling at the top I did say that if it got below $32 I would take my small profit and step aside. Now I'm very happy I did that because I would have kicked myself to ride it down as low as it's gone. The name of my game is to limit my loses and not try to tell the market that I'm right. I'm not saying you will not do well with GALTF if you hold on and ride it up in better times, but over time I have found that averaging down has done more harm to me than good. Ron