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Value_Investor

05/09/16 5:40 PM

#96893 RE: rickjc #96892

If anyone think like that then I would suggest them to liquidate their positions at the bid ASAP while there is still an huge bid support at 0.0012! My average-down suggestion is only for those smart investors who understood the investment deeply and knew how to protect their money from the "stucked" postions!

About eight years ago I did buy an non-reporting stock at 0.01 for the first position. Then the stock had kept declining till it hit the Bottom 0.0002. I did all the way average down from 0.01 to 0.0002. Thus I had accumulated huge amount of shares which successfully brought my cost down to about 0.0011 a share! Finally that stock exploded 185-Bagger from 0.0002 to 0.037 within only a few months. Therefore I made hundreds of thousands dollars of huge gain from a "POS" (per your word) stock like TYTN!