RE:RE:RE:No News in How long ? Thank you for your clear post DD. Like my first spec investment...I too averaged down a loser and ended up losing everything. Like they say, experience is the best teacher, but those tuition fees are awefully heavy. ...and sometimes you don't learn because I did that again....before implementing a discipline to never average down a spec stock and get out at 20% down...which I did not do once or three times ;)
Hope is not an investment strategy, but I do wish you and other holders a good outcome...
Damn1212 wrote: Hi Barstool
Thats a great Question.
Here are my thoughts on the disaster I have created.
1 - inexperience - lack of investing experience - Stupidy - Tendency to Gamble Ect
2- Averaging down - it had worked on previous 2 crashed and spikes. IE price went down - i averaged down and went price exploded I was up Nicely. Problem is I never sold and Price crashed a 3rd time. When that happened I figured I would repeat what had worked 2 times in the past and I averaged down. Of course it just tanked all the way down and never recovered.
3- Why didnt I sell ? As mentioned at first Averaging down was what i did and when it finally Tanked I was hoping for once last News release that could pop it back up but that never came . By that time volume was soo low that trying to sell would have collapsed the share price and i never pulled the trigger. Its like today ..12k shares traded across all exchanges as of now. Its a joke.
4- Why didnt I sell ? Its like that Project ( car , boat , Motorcycle , truck ) that you took on but have never finished. The engine is seized and you wanted to get that done but then realized the frame was rotten and then you have some electrical issues you need to sort out. At one point you get angry and decide to cast it aside for a while intending to get back to it one day but you never do. its kinda like that if that makes any sense. Ive already lost so much I have nothing left to loose at this point.
There you go ... The Explanation of how you can go from plus 110% to loosing it all LOL