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Re: goforthebet post# 3390

Saturday, 08/13/2016 7:14:29 AM

Saturday, August 13, 2016 7:14:29 AM

Post# of 4849
Because this stock has disappointed for a year before I bought it, and it continues to disappoint, I didn't buy my usual position. Normally I average down, but I decided with this stock to average up...and set a goal of tripling my investment if it hit .50 (because then it would have proven to me that it does go up).

As you correctly note, my investment is tiny for me. It doesn't matter if I never get the 1,000 shares at .11. But the way this stock has acted the last 2 years, it seems likely I will eventually get it.

I don't fully understand where the supply is coming from, because the float doesn't go up (not by much). Typically it would be from people who only got paid in stock for work they did, and want to get some money now, regardless of stock price.
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  • 1D
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  • 6M
  • 1Y
  • 5Y
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