GREY:IVITF - Post by User
Comment by
Yowza123on Sep 14, 2019 10:27am
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Post# 30126712
RE:RE:RE:Faith no more.
RE:RE:RE:Faith no more.Averaging down is a great strategy to bring down your adjusted cost basis. At these low prices you could pick up 3 or 4 times the number of shares you own and bring your average down to a reasonable amount. Plus as an added bonus, you haven't lost any money and you still have shares in a company that has a good chance of making you some money. Hardly something an idiot would do!! The MJ space has had its ups and downs but is still a monster in the making. Some of the larger companies are still overvalued but there are those like Invictus that are quietly working hard to create shareholder value. Remember that no matter how many people are selling their shares, there's always those that are buying them up, especially at these low prices. You snooze, you lose!