If you are a bag holder... Let's say you bought the run up to $0.0056 at $0.005... Since then, you've been stranded for a loss, and now the loss is too great you're essentially better off holding on to hope of another future run than selling for the loss... You should be buying RIGHT NOW...
$0.0004 seems to be the low, and even if it isn't, it's not like it can go much lower... There are way too many good signs of good things in the works here it is worth a little extra risk...
Let's say you bought 1,000,000 shares at $0.005 before, now stranded in your position... Well first off, you spent $5,000...
Now... Let's assume the bottom is in, it WAS $0.0004, but now it is $0.0006s and $0.0007s on the BID and ASK... Sure... You can hold out and try to BID low, or you can slap that ASK... Say you spend another $5,000 and buy $0.0007s, that's at least another 7 million shares...
Let's look at your average now...
You now own 8 million shares you bought for a total of $10,000... That's an average of $0.00125... You think this will at least at some point again ever see $0.0013??? If so and you sold all your shares there, then you'd make $400 profit and get out from the stranded position you are in... And that is a totally doable scenario...
Sure, this could instead bite you harder, go to $0.0001 or even no BID and you're out then $10,000... So this is the question you have to ask yourself... What is more likely to happen... And even if this at some point does go to no BID, that doesn't mean it will forever be there...
Do you honestly think this stock will sit this low or lower forever??? An OTC-QB stock with penny stock exemption for a reason... A stock with under 800 in OS that is sitting in trip zeros...
To me, it's a risk I'd take...
I know it is easy for me to say so, I was more fortunate to buy this lower and so being a bag holder for me is less a worry, even though I am currently red myself... But, this is a plausible escape plan for you... But your opportunities to take advantage are limited... If this rockets next week, and chart says it should... Then you missed out on a GREAT averaging down opportunity... Where your average could be way more easier to deal with...
Buy when the streets are full of red and haters are bashing... Sound familiar as of lately... We just got out from under a note, now we are free to run again...
You'd stand a better chance to make money then hoping this recovers and puts you back in the right side of your investment...
But as always, you do you, far be it for me to tell you how to play your hand... But those of you frustrated and bashing because you're stuck, this is something to consider...
Guess who's back. Tell a friend!
