not to relive the past but I
If one had plopped out $60K in a matter of days during pump-week, starting at 0.0048(?), most of the buys at 0.0050, and even bidding into an ask of 0.0054... one probably feels like they took the leap of faith right into the Lion's mouth.
No doubt someone with a cost at 0.0005 can be patient. After all 1M bought for $500 is worth $3K at the 0.0030. Still no loss even if the stock crashes below 0.001. Likewise a person who invested $60K in a $50 stock which has gone up a few since purchased, with a price target for the year of +20 above current price can be patient.
The differences comes for that LLEG investor feeling like he is being munched on by the Lion's mouth with an ave cost of 0.0050. In order to get the equivalent of a +$20K gain out of the $50+ stock, he would need for LLEG to go up to 0.0070. He has to hope LLEG at least recovers to break even at 0.0050. He has to hope it doesn't completely collapse. My best recommendation for such an investor caught in the Lion's mouth -5mg of Melatonin at night might help the sleep while awaiting further developments.
