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Old 06-17-2004, 07:03 AM  
FlyingIguana
aspiring banker
 
Join Date: Mar 2002
Location: toronto
Posts: 10,870
Quote:
Originally posted by bdjuf
I bought Nortel at 8$

thinking of buying the same amount at the current 4$, reduce my average to 6$

its only 2000$ more anyways
sometimes its best to cut your losses and move on. i haven't really looked at nortel, 40+ pe ratio isn't my thing unless the company has great management and prospects.

if the market takes a dump, nortel could drop more than the market
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