Here's the rest of the story.
at one time I held quite a large position a 0.051 average. My trading in BLLN has been aimed at getting rid of that position in favor of something much lower. To do this, I use a scheme, I call "average out" as opposed to average down. Here's how it works.
Assume I hold 100,000 at 0.050. The price has been steadily dropping, but seem to have found a bottom in the 0.015-0.010 range. To lower that average, you buy 200K at, say, 0.015. Now I can sell this position PLUS 20% of the $0.050 position (20,000) at 0.0185 and still make few dollars. You repeat this and eventually, your $0.050 is gone.
This will only work when
a. the price isn't in a constant decline, has found a bottom. You have constant dilution due to toxic financing or scamming, forget it and sell all even at a loss
b. there is sufficient fluctuations in the price. This is usually true for penny stocks
c. you have a lot of patience and time, because this usually takes a long time. I have a position in another stock that is over two years old and I still have the last 10% to get rid of
Monday, I finished the last trade-out of the 0.051
"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa
