Iceman...some people just cannot understand that concept. They like rules, makes them feel comfortable. Almost every time I have averaged down its worked for me too and the time I didn't do it with CNU was a big lost opportunity running into the tens of thousands. The truth is it doesn't work for some and it does for others so what I take from that is, saying it shouldn't be done is just evidence of a lack of awareness of the larger world of investing. Everyone is different and should be respected regardless. Just because someone doesn't follow your rules doesn't mean they are going to fail.