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Re: hunter_gatherer post# 6916

Wednesday, 08/06/2008 3:28:51 PM

Wednesday, August 06, 2008 3:28:51 PM

Post# of 16989
good luck with the averaging down strategy. i got down to .14 that way and then felt the stock had no support beyond .02-.04 short of a cat 3 hitting downtown Miami (God forbid), so did not want to throw good money after bad. seems like Fife? et al (MM's) suck the life out of any potential upside before it can gain momentum and also sit on a huge amount of cheap shares (.01 to .02) to capitalize on any tiny upward movement + no cane news does not help. The more i think about it, it may just be karma for buying a stock that is predicated on someone else losing life or property before nsmg makes money. Selling the lot of it at a loss will at least diminish my tax burden from other stocks (non penny) that have done well for me this tax year and lessen any karmic overload. lesson learned.