Box Ships Inc (TEUFF)

[Blizzld]

I totally agree with those posts on scaling in the buys and buying more lower.

However there are 2 additional risks here

1- CD note 3 (possible maybe)

2- Reverse split.

Box ships sister company Paragon did 2 500k cd notes, an exchange agreement and then when the stock was toasted did a reverse split.

In that case the time to buy apparently was post reverse split after the smackdown.

I personally had one of those in recent years. Stock went from 4-5 bucks to 20 cents or so, thought it was overbaked, went down and down then reverse split and went down incredibly more. Was down 90%. Then it was at a totally ridiculous market value. I pulled the trigger by 10xing my shares at the low. Actually in that case caught the exact bottom low and it tripled.

I turned a loss into a 25% profit. Bur my problems was I sold,

The post split 20 going to 60 where I sold (approx) wound up being only part of a move to 2.00 but after being beat up so bad I felt let me take the 20% and not be greedy. That is the hardest thing, knowing when to hold.