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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (3174)	6/23/1998 9:05:00 PM
From: eric deaver	Respond to of 11684

I'll admit it is difficult to purchase as the price drops but if you don't have the nerve - don't ride the coaster. Worked for WELL me on two other stocks. Bought TAVA (was TPRO then) at 7 9/17 and held over all the shorts and naysayers for nearly a year - btw, that thread was as bad if not worse than this one in that arena. Averaged down to a little over 6 (and increased my holding by 2X) sold at 9 and change and 14 and change. Same technique I would recommend here. I certainly do not like to average up (although some swear by it). Averaging down is a perfectly valid investment technique especially in cases like this where the fundamentals have not changed. Of course the shorts would not like this as it is exactly opposite what they want - it gives people more peace and security, increases buying and stops selling. BTW, my friends avg share price after he averages down again will be near $0.50 w/ three times as many shares. Each person makes up thier own mind. Eric