X1 Entertainment Group Inc. C.XONE

Great Potential

[Wayned52]

I was buying shares since the end of June , obviously at much higher prices . I was shocked at how fast they tumbled all the way down to 8 cents . I could see no reason for it so I called the company . As it turned out , very nice people . They are shareholdered and were as surprised as me . Adam told me that somebody who invested in the initial financing at 35 cents per unit dumped a pile of shares all at once and set off a cascade .  I can never understand why people do this when they could do orderly selling . Maybe his wife dumped him . Who knows . 
     I have never followed the expert advice of  , " never average down " .   I say , if the stocked tanked but it still has the same potential that you thought it had at much higher prices , then buy all of it you can get your hands on .   That`s what I`ve done .  Starting Oct 28th I`ve bought a ton of it between 8 and 11 cents .
My average has gone from 29 to 11.5  cents .  I see no chance of not making a nice profit unless the world ends . Then it won`t matter .   I am greatful to the dope that dumped a ton of shares .

[gossamer15]

This post has been removed in accordance with Community Policy

[Wayned52]

Not very active . Going onto a month since I posted .  Just going by the huge drop we had a few months ago I am expecting some tax lose selling before the end of December . But maybe not .

[Stevesack]

Do you think this a good level to start averaging down???