Post by
FLYIN on Jan 24, 2020 1:08pm
Interesting
For everyone who got caught up in the big plunge, this might be the time to average down and cut the losses. I checked the TMX Money site and huge blocks were trading hands
Comment by
LuckyLithiano on Jan 24, 2020 1:31pm
A little confused by what you’re suggesting... average down implies buy more and cut losses implies sell. Care to expand on what you think the big blocks of trading means?
Comment by
FLYIN on Jan 24, 2020 2:22pm
If you bought a long time ago and say your average was 0.10. This company is going to merge or be bought out. Or it just goes to zero and you lose any equity you put in.
Comment by
LuckyLithiano on Jan 24, 2020 2:46pm
Yes I understand those two possible scenarios, butnin your initial post you said this was a good time to average down AND cut losses, which is conflicting advice. Perhaps it’s just awkward wording. So to be clear, are you bullish or bearish right now based on the large trading blocks you’ve see ?
Comment by
FLYIN on Jan 24, 2020 4:05pm
Bullish on impending news
Comment by
devinwilson306 on Jan 25, 2020 11:55am
I sold off half of my shares just incase they never hit the 0.03 mark again