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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: star56 who wrote (578)	2/8/1999 10:33:00 PM
From: ~digs	Read Replies (2) \| Respond to of 4766

<<<But is it wise to average down, or should you just get out after a predetermined drop - 2 levels, whatever? >>> Sounds like a matter of personal opinion to me. You have to determine what strategy works best for you, given your present circumstances. My only suggestion would be not to chase a stock too far one way or the other.

To: star56 who wrote (578)	2/9/1999 1:28:00 AM
From: Tom Allinder	Read Replies (2) \| Respond to of 4766

If I have to average down, then I made a bad decision or things just didn't work out and I should be out of the stock anyway. My average up means that I will take an initial position in a stock. If the stock is acting well, I will add to the position as it moves up. I usually only add once, sometimes twice. When/if the stock doubles and it is still going up, I will usually sell half the position and ride the rest. I will then try to determine where the last gap up is and sell into the buying. I always try to buy when others are selling---and sell when others are buying. I get quick execution of my order and generally a good price too. Sometimes, when I sell the second half of the stock and I am out of it all together, I will watch carefully and determine where price supports are when the stock falls. These "bounces" can get you quick gains. All this is my personal style. Not to say that mine is right and someone else's is wrong. To each his own. Tom