RE:What should bag holders do???? "DOUBLE DOWN" Yes, that's why they call it gambling - but you could easily lose $6,080. instead of $5,000.
Hexo is not the company to do this sort of thing - it's pretty unlikely it gets back to $1.52 which is only break even and the chance of Hexo going from .37 cents to $ 3.00 (reverse split aside) for a double, is pretty unrealsitic.
Ghostinthedark - (5/19/2022 2:28:17 PM)
What should bag holders do???? "DOUBLE DOWN"
IF I'm in at $5.00---perhaps 1,000 shares (many are in a lot higher) I know that I am not going to make my losses back anytime soon. So my cost is $5,000
So, I say to myself: What the heck. I"ll buy another 3,000 shares for .37 cents.
That means my cost is .36 x 3,000 shares = $1,080 (The bag holder is only risking another $1,080)
So, now I have 8,000 shares at a total of $6,080 ($5,000 plus $1,080)
$6,080 / 4000 Shares =$1.52 cents a share...
By increasing my risk--doubling down, I have a chance to make some big coin in the next few years.
Ghostinthedark - (5/19/2022 2:28:17 PM)
What should bag holders do???? "DOUBLE DOWN"
IF I'm in at $5.00---perhaps 1,000 shares (many are in a lot higher) I know that I am not going to make my losses back anytime soon. So my cost is $5,000
So, I say to myself: What the heck. I"ll buy another 3,000 shares for .37 cents.
That means my cost is .36 x 3,000 shares = $1,080 (The bag holder is only risking another $1,080)
So, now I have 8,000 shares at a total of $6,080 ($5,000 plus $1,080)
$6,080 / 4000 Shares =$1.52 cents a share...
By increasing my risk--doubling down, I have a chance to make some big coin in the next few years.