Chris, How desperate are you to find me wrong? lol
Everything I said was true.
He paid more for it than that. He came back when the pps was over .016.
From Stocky himself in reply to my post;
I also did buy 911K at .017...
In case this is too complicated for you, .017 is 'over' .016.
I said;
The decline to present levels has trapped him here.
He said;
I have over 1mil shares under .01 (actually .0089)and most of my shares at .0108
Present levels are less than all these values.........but you know that, don't you?
I will however, throw you a bone. I assumed ( perhaps incorrectly) that Stocky was a somewhat intelligent trader. His techniques may be ridiculous and his manner is completely obnoxious but I (perhaps mistakenly) gave him credit for knowing the rudimentary rules of trading. The most important one being NEVER average down, it is a fools game. None but the most idiotic chase shares down the slope. The intelligent traders wait to see the pps start to climb before they jump on the train.
I did not for a second, consider the possibility that Stocky was dumb enough to employ such a strategy. I thought that he jumped in big (at .017) and got caught. You are correct in pointing out that if he did in fact average down, he could break even at a lower pps.
So we have two possible scenarios. Either Stocky is lying about averaging down in order to draw others into his 'pump' or else he is more of an idiot than we give him credit for. Who can say, although apparently, in this instance, you believe him.
Perhaps you are right.
regards,
frog
