You all have some valid points (sounding like apolitician/fence straddler I know), and hindsight is always 20/20. For the most part, I don't average down either, though if I do, it is usually something that is more speculative (doesn't generate earnings). One of you said something tot he effect that if you rode this down from $3... The money management strategies that Hr is reffering to (I think he made refference to it) is to cut losses short, ie you DON'T ride it down from 3 bucks, you would have sold long ago. My biggest investment mistakes have been not to put stops in or take proits from KXL and ASTI. Gotta learn you can always repurchase, you just might miss some of the glory. Or some of the .... goo.

There are tons of stocks where averaging down just added to your losses, just as many that it was a great idea. IMO, you need to develop a buy/sell strategy and stick with it and evaluate it on an ongoing basis.