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Re: col50 post# 38851

Monday, 12/13/2010 1:14:27 PM

Monday, December 13, 2010 1:14:27 PM

Post# of 55140
I guess I'd call it "starting over" at this point... At this point I am so deep in the red that I decided it isnt worth dumping because a lot of what I own doesnt come close to the pps I bought them for. What would I be salvaging? For now I guess you can also just call it "averaging down" and it wont take much to average down to at least half of where I stand now. I'm at .0022 average with 10m shares. If I managed to buy another 10M shares at .0001 (keeping the math simple here... really dont think it will get that far but whatever) then my average drops to .0011 and spend only $1000 to do it. So if I get the same 10M shares at .0002, then I still average down to .0011 but it then costs $2000. I've already spent over $22K and its worth stale peanuts right now. Whats another $2000-$3000 to double (or tripple) my position and wait out the storm, even to break even and run?

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