Supurva Healthcare Group Inc (SPRV)

[dss19552002]

While this shows the power of averaging down, it also shows the folly of averaging down as well. The default position should be that averaging down is the wrong thing to do. However, that depends on your perspective. Averaging down is okay if you would buy the stock at the new lower level, but for SPRV the process was more about chasing the stock down rather than averaging down. Hindsight shows that averaging down was a bad idea in this stock. OTC stocks should be short term trades, and not long term holdings, particularly at these levels with a stock in a company with no viable business model. However, since the stock did hit 0.0031 earlier this year, I think, that there is perhaps hope for 0.0040, but given that the "Stockgrunt pump" (promotion?) is over, it may be a while before this sees even 0.0020 without a reverse split.
Given what has happened since the reverse split, and the additional number of shares, 0.001 seems to be a fair price for the stock is 0.0001 was a fair price before the reverse split.

Good luck.