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There's no way to predict the Bottom of

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VST7 Member Level  Friday, 07/17/15 02:39:11 PM
Re: SukhshantiOm post# 514
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There's no way to predict the Bottom of a stock exactly, that would be the same as knowing the future & nobody can do that EXACTLY on a stock either. That's why Investors Average Down, on a stock that is a High Risk play like a BK play that was delisted from the NASDAQ.

BUT, This stock is BOUNCING after finding the bottom, and that is the Main Thing. Anyone who bought some at .04-.05 and has any Street Smarts about them, as well as experience playing High Risk BK stocks, would NOT Buy their WHOLE position at .04-.05 to begin with!

I have played BK stocks for Dead Cat Bounces for over a Decade, and you never know where the bottom is going to be until it turns. You start buying small blocks where you think the bottom is & if it continues to move down, then you wait & watch for the actual bottom & AVERAGE DOWN Your position as you go.

This way any stock purchased for example at .04-.05 would be brought down in your average PURCHASE Price by a HUGE amount if you bought say 2-3 times as much stock at say .005-.006 which would make your average somewhere in the .01's & you would still be able to make a profit on your position.

Bottom-Line, if someone does NOT know how to play HIGH RISK BK stocks like this, then you're best off staying away from them until you know how to play them with minimal risk.



A TOXIC LENDER
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