Gudgeon23 Dec 2010 11:28
Not sure where this is heading short to med term, didn't expect it to go to the low 600's but it did. Who knows when the next bit of bad Spanish Or Euro related news is going to hit. Not sure I agree with trader786's pessimistic views, but with a good yield - as long as they don't cut the div - I shall hang around for a while.
You're right in what you said about HMV, sometimes the herd mentality takes over and people can't see the wood for the trees. Averaging down is all very well if a share has real prospects, but in a dying co it's just throwing good money away, like any compulsive gambler continuing to lay bets, ever hopeful of the big one. Most gamblers lose, if they didn't the bookies would never make any money.