PKP,
Don't get me wrong...I'm a true long here (over a year) and would average down my position as well and haven't sold a single share.
I'm pretty new at this penny stuff and I keep hearing, don't marry a stock, but I do believe in this one and remain faithful. It's just disheartening to see her like this. Being new and reading the extremely positive words (hype) a year ago, I may have jumped in a little deeper than I am comfortable doing thinking I'm going to be a millionaire but am now down alot.
Best to you.
J
Let's say it does go sub penny... How long can you hang on to your shares? In the short term it would really suck. In the long term, it may be a blessing.
Lets say we were to go to an accumulation range of around .005.
For $2500 you could get a 500,000 shares of KATX, a company who has an option agreement with VALE on the Lucky property. (2.5 years remaining on the agreement)
Can you hold until that property is drilled? I intend to average down BIG-TIME if that's the direction we take.
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