I have nothing against Portman, and I am sure he is a sincered person, but one can be sincere and still be a hypster. He could average down if his cost is between .007 and .008.
To my recollection, I am about .0154, on 5 buy trades. Being that I invest a certain amount on penny stock company, if it goes down I will not increase my position, though I might be tempted. I have a set price between .21 and .30 cents a share, which is why is not a big deal to me to buy more shares. If I were to increase my position it would not be to average down, one needs to be careful in averaging down because it can stay down. I heard on stock for over 2 years, about 3 months ago I decided to see that the stock is, I basically ignored it, it hit .02 I sold quickly.
Words of wisdom, if you have a target price you need not to average down!
