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To: nihil who wrote (64002)	9/6/1998 12:56:00 AM
From: Len Roselli	Read Replies (1) \| Respond to of 186894

nihil RE: Now when I want to establish a position I buy 100 shares at the market -- watch the price drop, buy a few thousand shares at the lower price, and save a hell of lot of money. Isn't that called dollar-cost-averaging? Although highly touted in popular investment advice circles, I have never been convinced that it's a good technique. All examples I've seen to show the merit of DCA assume a falling price. What if the price is rising? Don't you lose money in that case? Of course, since we seem to cause a price drop on share purchase, I should re-evaluate the technique and follow your example. len