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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Cytotekk who wrote (15150)12/7/1998 10:09:00 PM
From: Sawdusty  Read Replies (1) | Respond to of 34075
 
Colleen, I truly do not wish to be overly negative, but if the scenario that we have been discussing were to happen, I am not convinced that averaging down would be the best move, in fact it would/could add more pain. I have read all of the company releases and personally have not been convinced as to the validity of the claim.

That does not mean that it is not valid, in fact Eric, Doug and others seem quite adamant that it is and they seem more connected than others. If they are right then averaging down would be an excellent move, something I have done with another stock that I have held for awhile.

That said, I try to look at each purchase as totally new. Would I still buy if I did not already hold shares? If the answer is yes, then a person should do it. If not, it is a poor way to get out of a previous decision that went astray.

Cheers and G'night,
Dan