a wishhh not a whoosh, page-7

re: a wishhh not a whoosh -rogues trade HI Rogues Trade

I know that you are doing the right thing with SML

But what I am impressed with is that you are thinking about averaging down

I have had lots of discussions on this subject but it seems most traders don't appove of it - they seem to sell out,losing 10% but then the share price goes up!!!!!!!!!!!!!!

If the company one really likes turns out to be good then everything is OK

But when I have really sunk my teeth into a share that turns sour - PASMINCO for inst - then I get destroyed - lost $26,000

But in the main I make a TAXABLE profit each year so maybe I am doing OK

Regards
CMH