Baltia Air Lines Inc. (fka BLTA)

[Tiresias]

Averaging down on Baltia in a downtrend is like making love for chastity. You never average down in a downtrend - if you must average down you do so in an uptrend. In a perfect world you take the stop loss, get out, and decide at a later date in an uptrend if you should invest. Difficult to do with Baltia because of the 30 year trend of nothing occurring. Completing due diligence when you must rely only upon the words of Tony, and before him, Igor, becomes an effort in whether or not you want to believe because the facts are absent upon which to base a decision. With a reputable company you can use financials, beta's, PE ratios, and other tools, all of which are missing from Baltia. With this one you choose whether to swallow the burning thread or not. Any so called due diligence on Baltia is an opinion, which as you know is an absence of facts. There is nothing smart about gambling and calling it investing, especially when it comes to Baltia.