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>The other way is to look at the stock price over a number of years. What's
>the probability of a great (or has-been-great) stock that would still go
>sharply down
How do you figure out the probabillities?
> As it
>continues in its southward journey, I would say the probability will be
>getting smaller and smaller.
Hmmmmmmm.....
>Another way of minimizing the pain is to scale down (=averaging down) in
>one's buying. Initially, spend a small portion of the intended money (for
>LU), and gradually buy more (proportionally larger amount of money) for the
>next 2-3 rounds.
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Yes, look at the enclosed chart and see how much fun I am having.
I bought URIX at $13 then I had a great bargain at $2.50 but the best of all was when I bought the last portion at 28 cents. that was a real bargain!
I am now waiting for a killing at 10 cents and I will feel real proud!!
An even better average down stock would have been Alta Gold. That one went all the way to Zero. That's what I call a bargain.
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>Thanks for the various suggestions and possibilities. It's been a very
>interesting and learning experience for me.
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For me too......
Stig
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