GREY:WSMXF - Post by User
Post by
99921on Aug 09, 2006 5:15pm
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Post# 11205271
Add to Position
Add to PositionEmmie - Like you, I have been invested in WRX for several years at a high price so any purchase now would be an act of averaging down. My alternative is to sell for a tax loss. I am holding until closer to year end and will sell then if the stock has not recovered significantly. As for averaging down you have very little to lose by, say, waiting to see if the stock can recover to a dollar before you buy more shares. If you add to a $10 share at 50 cents or $1 you are talking about a marginal increase in your cost but you have waited to see if the investment world is interested in WRX. To me that is the problem the company faces - they are doing a lot of things right but may still be suffering from past management blunders. It doesn't matter how well we think they are doing, we need new share buyers who will look at the company and see some good future potential. Unfortunately that doesn't seem to be happening. WRX announces moves that look good to those owning the stock but the news seems to be greeted with yawns by the market. Good Luck!!