Northern Dynasty Minerals Ltd (NAK)

[slazenger7]

Great! However, averaging down on these very speculative stocks has always been a dumb money strategy. Those who were told it "didn't matter" and decided to average down at $3.00, and then $2.50, and then $2.00, and $1.50, and $1.25, then $1.00, all got severely hammered, and are now hopelessly trapped because of those disastrous decisions with the price now sitting at .66.

I barely escaped total disaster here by getting out at $1.90 for a slight loss, which was the smart money thing to do. But in every speculative stock, there is smart money and dumb money. Ron and Pebble are depending on the retail dumb money to keep the stock from crashing down to .30 or lower. If the people of Alaska have any say at all, and they will, the toxic mine will never be built. Then .30 will disappear, and the dumb money that "averaged down" will lose their entire investment. Very unfortunate.