I may have bought some RBD shares at $2.08 in 2003 but I did not 'average down' to do so.
I 'averaged up' which, as I have stated elsewhere before, was a mistake as I was not prepared to 'sell out' when the price went the other way.
You rightly observe Macdunk that RBD are now trading at 80c. So I will make my investment decisions on that basis, without any reference to what the share price was. Unlike you, I don't invest by looking in the rear vision mirror.
RBD has fallen around 9% this year. If you compare that with what 'the market' has done you will see that holding a share like RBD is part of my plan to ride out any correction.The market is heading for some major corrections in 2008 hope you wake up to yourself in time to bail out. Macdunk
SNOOPY
Bookmarks