Brody? I thought your name was Brad? Anyway, yes, it can go either way, there is no such thing as 100% certainty, especially in these matters. But you are right: the potential upside is probabilistically higher than the potential downside, with a downside being a return to 0.01 or below, and an upside being a return to 0.10. I had no idea your cost-basis was 0.08 pps, but since you say you have the resources to average down I would have to say that in my subjective opinion---and this is my subjective opinion here!---that there is no harm in averaging down since as you said, the worst case scenario is that this returns to 0.01 or even below. Considering there might be further share dilution in mid-August, the time window is closing quickly and so again, in my opinion, if UVSE is to show a recovery then it only has between now and early August to move higher back into the 0.08 to 0.10 zone. But if it does, this would represent either a small gain or a break-even point for you..So if you average down and the Lone Oak news is in fact positive, you stand to regain a significant amount of what you are currently down. Considering that many U.S. based oil companies are still drilling and producing in the Texas and Louisiana area, and given the many examples you gave about other oil and gas companies that are not profitable yet still holding their pricing, I would think---and I think in probabilistic terms---that it is probable for Lone Oak to be successful. The period we are seeing right now is a very gradual, painstakingly slow period of consolidation and even stagnation as I have said in previous posts. But the question remains: do traders profit most by buying AFTER something surges, or do they profit most by buying right before something surges? It is possible to make money by buying after a confirmed breakout, but doing so also leaves you exposed to the breakout breaking down. I am glad to hear you disclose that you have 400,000 shares, because now I can fully relate since I have 337,452 shares and I maintain the same perspective. Today's candle and close at 0.022 represents once again UVSE's tight hold at a steady level. This can only represent the pending nature of the stock and thus the pending attitude of those holding the stock. We need not worry about short sellers here, since UVSE is perceived as being at a severe bottom, and shorts would not want to leave themselves exposed to a sudden run up. So the only selling pressure would come from MMs and those who have been holding the stock already, but as noted, those who have been holding the stock either already sold and took a loss or they are still holding because they do not want to lock in a loss just yet. If I had bought in UVSE at around the 0.10 to 0.50 level I would be holding right now, because there IS in fact a strong possibility that this company will develop and grow its share value.
