Monday, July 26, 2021 11:28:25 AM
1) Would it not have been better to sell at, say 0.08, on the way down, and then buy back here at 0.008, and if this pays off, you would have a bigger payday? I know the thinking that if this is a strong buy at 0.0001 (0.10), then it's a "super strong buy" at 0.008. Why is it better to average down and perhaps make your self a bigger bag-holder than simply cut you loses and come back later, or simply find a better investment? If this doesn't work out, one won't LOL all the way to the bank. If this pays off, and you sold at 0.08, say 1,000,000 shares, you could have had 10,000,000 shares at 0.008, and thus have a bigger payout than if you simply averaged down. FOMO doesn't then appear to be a good investment strategy.
2) Would it not be better to wish for the stock to go up from here and make profit? If one is hoping for it to go down to 0.001, then one will NOT buy at 0.008. It's common sense. Most traders, and even investors buy stock to make money. While it is possible to trade SPRV for small profits by daytrading, many investors would be happy if this went up to 0.016 and have an easy double from here. The only people I know who really want the stock price to go down are short-sellers. There aren't many of those here, if any at all.
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