markr33, Stock or bond (currencies or commodities), it don't matter. Value investing is value investing. That you didn't average down could be a good thing --or a bad thing-- depending on the risk-management rules you set up for yourself before you put on the position. Congrats on your gains. Now go look for your next score. They're out there, because human nature never changes. Investors always panic, sometimes over-selling, sometimes over-buying. So the underlying (on which you're betting) doesn't much matter. But who your counter-party to the trade is matters hugely, and one of you is going to be wrong. Your job is to make sure it's the other guy. You won't win your bet every time. But when you see such clear evidence of panic selling as was seen with NOK, you've also seen the odds increase hugely in your favor. Again, congrats on the trade, and score yourself not by its outcome, but by whether you followed your rules in putting on the position. Disciplined, consistent decisions are how the money is made over the long haul. Charlie
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