Averaging down is for suckers. Insiders love to hear about it.
I bought SMKY when I did because I believed it was real. If I was right, as a true long, it will pay off. If I was wrong at that time, I will lose my investment. I will by my decision, but that doesn't mean I'll throw more money at it when all the red flags keep popping up. Like this cheap, unsustainable crapflood.
Of course this post is my opinion. Every post by anyone is an opinion. I'm not writing a white paper on scams… in this post, anyway...