Post by
Adam001 on Aug 17, 2016 5:40pm
Average Down
New to investing and tried to Average Down when price went from $30s to $16 and then to $10 but it ended up with huge loss of 19k . That drop to 8.50 was painfull today and had to sell the stock at that point .
Anyway I will not give up and will follow new strategey by buing at lower price agian the same # of stocks but this time will start with couple of 100s and then see where it goes , if it goes lower i will buy more and if it goes up " on good news hopefully " i will at least recover some loses .
hope this management change its attitiude & add more credibility so investors can trust the mgt again as there are a lot of ??? & !!!! on it .
Comment by
select1011 on Aug 17, 2016 5:48pm
This post has been removed in accordance with Community Policy
Comment by
adamchess on Aug 17, 2016 6:06pm
Don't know this guy but good luck to him.