Oldanlazy - You are right that I should have used the term averaging down, however I have been playing relative tops and bottoms in KRY for almost 3 years so from my perspective this action is another dip, albeit a longer term one.

Your entry at $1.80 was not a bad choice, but one of the keys to success in averaging down is to not buy your re-entry shares all in one lump. You buy incrementally as it drops and space it out to the point you think is a bottom.

I sold a good portion of my shares well over $2 during the last rally. I began buying back in increments beginning around $1.95 hoping for a rally above the margin limit. When that fizzled on the second test of $2 I sold these and started buying at $1.85 and have had orders in at increments with my next one to fil being $1.60. Do I think we will see that? Yes. I am even prepared for a drop below $1.50 after which I will have increased my position substantially.

Very often when I sell a stock I have purchased in this manner I eventually sell at or below the price where I first bought in and make a very nice total gain none-the less. This is a longer term strategy where your first entry is a "guess" and you expect to keep buying as it drops for the ultimate gain. Just selling and rebuying lower is a gamble, especially with a stock like KRY.