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gnolfinvestor

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gnolfinvestor

Re: None

Wednesday, 11/25/2015 4:39:52 PM

Wednesday, November 25, 2015 4:39:52 PM

Post# of 18904
averaging down works great if you believe that there are billions in resources (eventually reserves)

i gave this example previously:

if you bought 10,000 shares at .30 (cost $3000)
and if you bought 100,000 shares at .03 (cost $3000)

your avg cost per share would be .054545....

and if you were smart enough to buy a lot more at .03

let's say twice as much 200,000 shares at .03 (cost $6000)

your avg cost per share would be .033333
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