Thursday, December 01, 2016 3:46:49 PM
There are many people in your predicament, some still holding from 2014 that have been averaging down, so don't make the same mistake and recognize when price action is as good as it's going to get, so don't be stubborn... but I can tell you that if you decide to hold -- try to average down lower in tranches to bring your cost basis to a more manageable level, so if there's a final push after the new year, then you can at least walk away with close to your investment, or a smaller loss, before it finally sells off. Fwiw I hate averaging down or throwing good money after bad.
I personally think there will be one more small rally, but I'm doubtful it'll have much strength or staying power, plus the big catalyst has been played out that would've affected the sector, and particularly MCIG since they're technically not a marijuana company, so if you want to stick around you gotta find a way to lower that average, and I personally wouldn't hold and hope without a solid plan.
I don't know, it's up to you -- it's a gamble.
Good luck man.
.......CB
Recent BTZI News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:00:04 PM
- Form C-AR - Annual Report • Edgar (US Regulatory) • 05/31/2024 02:50:06 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM