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Re: A deleted message

Friday, 04/16/2021 9:24:53 PM

Friday, April 16, 2021 9:24:53 PM

Post# of 198726
If you've lost 90%, that's equivalent to buying in when shares were $1.

This is the perfect time to average down! If you spend 12.5% of whatever you invested initially while shares are $0.10, you lower your break even point by HALF. Spend 30% of your initial and your break even point is now 1/3 what it was yesterday.

As soon as it bounces (and I believe it will) you can sell it all at your new BEP with no loss.

(I am personally down about 50% so definitely buying now to lower my average.)