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Message: [QUOTE="Scrutineer, post: 2858051, member: 8240"] Great comment about adding to losers. A lawyer friend was getting advice from a neighbor whose son-in-law was a hedge fund manager in NY during the tech boom of the late 90's. The neighbor got tips from his son-in-law and would take positions at say $5, they would quickly go to $10 or $15 and then he'd tell my friend how great the stock is. My friend would buy it and it would go to $20 and then drop to $15 and he'd buy more and then it would go to $10 and he'd buy more. This happened multiple times over a couple years when the tech stocks were going wild without earnings or other evidence of value and he ended up losing much of his then $500,000 401K account. [/QUOTE]