1812 Brewing Company Inc (KEGS): Have posted about taking a loss and re e...

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Re: jhovde post# 117989

Wednesday, 01/02/2008 4:18:37 PM

Wednesday, January 02, 2008 4:18:37 PM

Have posted about taking a loss and re entering, being more cost effective, then averaging down or holding a large loss, at my board. Well my exceptable loss target was reached when it hit .01 a few days ago. And I always sell on targets!! But presently like the big guy run odds.

So I followed my trading plan, Sold for the loss and re entered with a new trade at a lower price point. .011, .0092, .0093 ave .0095 now, with a few more shares from the loss cash used.

Basically if I held at .02 from .01, the price gain would be 50%, but if I took the 50% loss and it moves back to .02, I'll get a 100% gain, sooner (lower price point) with more shares. Do the math and I endup with more at 2 cents now. And adveraging down by putting more cash in, couldn't produce a better ROI either.

Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!