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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Craig Freeman who wrote (5328)4/9/1999 11:31:00 AM
From: Rex Dwyer  Read Replies (2) | Respond to of 60323
 
A while back someone suggested that the best way to average down is to wait until a
stock has halved before reentering. If it falls more, you target half again. I'm not sure
about the exact numbers but, IMHO, the general idea is a good one.


Was that me who said that? Anyhow, I agree. You have to let them fall. Think in terms of 1/2 or 2/3 at the least before averaging down in a stock you believe in..

FYI. I bought back in again at $21 about an hour ago.

Cheers,
Rex
($21)