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Tuesday, April 29, 2014 2:28:57 PM
Very good question !!!
I bought 6 million shares at prices from $0.0002 to $0.0004 Let's call my average cost $0.0003, for the sake of simplicity. OK ?
SIX MILLION times $0.0003 ( average cost ) is $1800.00 total. OK ?
I will get 120 shares post split. WHICH STINKS ! But such is life.
120 shares guzzinta $1800.00, fifteen times. So here we are :
MY NEW AVERAGE COST ( post split ) IS FIFTEEN blankety-blank DOLLARS. Per share — for 120 shares . . . . .
HERE IS MY COMPLETELY FLAWED RATIONALE FOR BUYING ANOTHER 120 SHARES AT 25¢ (or whatever) - - - - -
ONE HUNDRED & TWENTY SHARES ( post split ) times 25¢ , is $30.00.
Since I have ( practically speaking ) lost my initial investment of $1800 ( ya think I have ? ) then I can completely double my initial investment of $1800, buy buying 120 new (post split) shares for $30.00.
NO BRAINER.
Some would call it "throwing good money after bad." TRUE ENOUGH. They are right !
I call it averaging down all the way to the dungeon, for almost no dollars at all !
THIRTY DOLLARS IS CHICKEN FEED — TO DOUBLE MY SHARES ! Which cost me $1800, about a month ago.
JMO
Until2017
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