RE:RE:Great Deal At These PricesI give you credit Newcoin for your trading strategy in handling and coming out ahead at the
end of the day on ALA. Many didn't and just wrote it off as a terrible loss and continue to
disparage the company as a loser. I take a similar position to you and try to figure out how I can
slavage something out of a disaster, These things can happen to almost any stock no matter
how "safe" you might feel about it. Its the risk we take whenever we invest in the market.
What I think is instructive is not that there won't be disasters, but how to handle and manage
them better for your own advantage and psycholgical well being. I've been through quite a few
of them over the years and your strategy is right out of my own playbook. Averaging down,
particularly after the dust settles and most of the damage is being reflected in the s/p is usually
a good time to re-establish a new position. This has worked for me countless times and I
believe it will continue to work now and in the future.