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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: musicguy who wrote (8076)9/24/1998 10:57:00 AM
From: BarbaraT  Read Replies (1) | Respond to of 25711
 
Why did I stay in ... started to follow Peter Lynch's advice ... if you liked it at 30 - you should love it at ....

But when it got down into the teens, I thought it was too late to sell it and that it was due for a bounce. WRONG! But in the past, when I have sold off stocks because they were down 30%, they of course rebounded and I took a beating. I discovered, more often than not, if I stayed in and averaged down near the bottom (of course, it has to be near the bottom) I recover most if not all of my money.

Not with this one. Can't help wonder if there could be a buyout in the works. Have heard rumors, but nothing substantial. We shall see. I doubt there is little downside here since they do have award winning software ... but it can go back down to 3/8.