RE:Made my last chunk purchase...well KB:
that's some big cajones you must have
"if it goes to $.80 - $1.20 i might buy another 6900..."
so if my math is right
you have $101,948 invested at an acb of $3.08
at today's close it is worth $54,615
if this hit $1. your XBC would be worth $33,100 (or about a 67% loss)
at that point you would potentially add 6,900 more
this would give you an ACB of $2.72 on 40,000 shares
the initial question would be "why average down on a large position at $1 when the reason for the $1 price tag is most likely that it had a poor report?"
followup being, "given that, is averaging down by buying 6,900 shares (21% more) even a worthwhile capital allocation / investment?"
the bottom is not in, confirmed today at $1.64
good luck
ps. and yes, i do try to add insight to help more junior investors.....because i HAVE made all the stupid investment mistakes (most more than once)
Kronyboy wrote: ... until earnings. Bought 2k shares @ 1.66
My position now stands at 33,100 shares @ $3.08 - might nibble here and there to acquire a few more, as I think the share price is stupidly low and disconnected from reality.
Some have made predictions that post earnings, this falls to $.80-$1.20 - if this is the case, I am preparing to buy another large chunk, probably close to 6900 shares. After this prospective buy, I'm likely sitting on my shares without anymore large purchases.
Good luck to all. Live long, and prosper.