RE:RE:RE:RE:So the streak is alive and well..NEVER HALTED good to know!Revisionist history Barry. You came on board at prices between $ 2 and $ 3 (it's in the record books). You've been moaning ever since - for a good 15 - 16 years. Not sure a moaner and a groaner averages down...
...but lets be generous, let's say your current average cost, after allowing for some further averaging -down buys on your part, is maybe $ 1.25 - $ 1.50.
But you have to factor in that you've tied up your money for a helluva long time there Barry.
Using the Rule of 7, if you wanted a 10 % return on your money, it takes 7 years to double. So you've waited 2 x 7 year periods. Meaning you need 1.40 x 2 = 2.80 x 2 again= $ 5.60 to break even.
To be fair i'd say $ 7 given that you've been waiting 15 - 16 years and perhaps another year more.
I'm personally optimistic for you Barry....that you could break even. I know we don't like to talk probabilities here, but I'd say > 50 % odds of it (the Baxter DA really de-risked it... ...they've learned alot from previoius Trials...also the work done on SAMI and DIMI has improved the odds as well - not a one-trick pony anymore (ie a non PMX Trial out). Lastly Covid scurge (plague as Trump lies to say) improved their outlook as well...and of course, the best thing is that the average investor would never know it - so you can still buy cheap)
You can improve your ROI outlook substantially by averaging down with a few hundred thousand shares -after you check my numbers of course) ...maybe even bring your average cost to under $ 1 ? Think about it ...but this time do your DD. Thank me later.
MM