Astra Veda Corp (ASTA)

[Frayed Knot]

Some folks are averaging down.

I hear this a lot in stinky pinky land...

IMO, it is NOT a good idea.

It falls under the "Sunken Cost Fallacy".

Here is a brief description of it:

A sunk cost is a cost that an entity has incurred, and which it can no longer recover by any means. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered

Obviously this applies to many things just not stock.

However, it certainly APPLIES to WRFX.

And of course, "don't throw good money after bad"...

Either one works for WRFX.