Averaging down? My brother also bought $1000 WGAS about a year ago and confessed to selling it recently for $77 for a tax loss. He could have bought more instead and waited 3o days or so to sell his original shares to register the tax loss and still maintain a remote possibility of getting even.
I say remote based on WGAS history of pumps and dumps, or as a yahoo poster says "wash rinse and repeat". And whomever cheers for the CEO that recommended the last RS and get another chance to sing his praises if they keep pasting the mms with 5 million shares a day.
History is history and I doubled down yesterday so I'm just a wounded bull.
Averaging down only makes cent$ if you truly believe in the company's prospects.
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