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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: mph who wrote (13102)1/27/1999 1:14:00 PM
From: Dennis J.  Read Replies (1) | Respond to of 34811
 
Marie,

My style is only to average down on long-term positions, for which you either have a good p&f chart working for you, or an understanding of the fundamentals, etc., and to never average down an options position.

Dennis



To: mph who wrote (13102)1/27/1999 1:52:00 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 34811
 
Re: MRVC - I'd average down... Your downside from here is 6. Your upside is 20+. Seems like a pretty good risk/reward ratio to me.

However, if this earnings report does not show positive signs of recovery by next quarter then it may languish in the low teens for a while.