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This isn't quite right. If the order to your broker is placed by Dec 31, it counts for 2008 even if the actual trade isn't complete until 2009.

Still, no harm done by biting the bullet now.

OP can learn a rule: Do Not Cost Average Down. You bought the stock because you thought it would go up. It didn't. There is something about that stock you didn't know, or perhaps were decieved. Don't make matters worse by buying more. Buy a different stock you hopefully understand better.

One of the rules from the legendary Magellan manager Peter Lynch: If he could not explain what a company does to a 3rd grader, using a crayon and a sheet of paper, he didn't buy it.

Best wishes, Chris
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