Replies to post #4293 on Globalstar Inc (GSAT)

[Fasttrack1]

Yes, If you have 1,000 shares of stock at $10.00 and now it's trading at $8.00. If you buy another 1,000 shares at $8.00 you can lower your average purchase price. That is,($10+$8)2=$9, which is now the average cost. IMO