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Author: berkmberk1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36686  
Subject: Averaging Date: 7/19/2001 10:09 PM
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Has anyone tried to "average" themselves out of a tight spot? By that I mean: purchasing more shares at a lower price in order to lower the required share price to break even/make a profit? I know it is chancy....but I'm sure someone has thought of it and even tried it......I'm stuck with 100 of TMTA at an entry of 14.50......ok....stop laughing.......I'm keeping my eye on the stats to see if it would be worth picking up some more at this much lower price.......stop the snickering now.......and possibly selling the lot at a more reasonable price. I realize the risks and it sounds almost bizarre to buy so you CAN sell, but as long as the stock doesn't shrivel up and blow away, a reasonable upturn could offer an exit.......mathematically speaking.....


Mike


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