Grupo Resilient International Inc (GRUI)

[naik]

I have averaged down on a couple of penny stocks and I can't say I made big money on them but I came out OK. I only do it if I believe it will come back to at least my original buy point and I don't plan on holding long term. Say i buy at .05 and it drops to .025 I might avg down with enough shares to get my avg pps to say .035 - .04 and when it hits .05 again sell. It is a gamble but sometimes it is the only way to recover your investment or make a little profit. I don't see the point if you really believe that a stock is going to go up say 100% from your original pps. I'm not saying its right, but I only avg down when I don't plan on holding long term and I'm just trying to get out without too much pain.