InvestorsHub Logo
icon url

OBE

01/02/17 8:25 AM

#74758 RE: SeePalms #74757

I am notorious at averaging-down but I-do-reach a-limit.

Although I have "hope" that REDG will recover, (and I would rather be IN than OUT) I will not buy one more share. As I've said many times before, I have more than 40 open positions (lottos) but I am not foolish.

Where we differ most, is in your assessment of Benny as a near-criminal grifter, while I see him as a "dreamer" who keeps trying one thing after another. He's got my $15k but I won't whine about it. I truly believe that one day I'll be paid-back.

OBTW: While I'm not averaging 0001 as are many, I have a respectable average of 00045. More buys @ 0001 don't lower my avg enough to make it worthwhile, e.g. It would take another $3000 to cut my average in-half. It's not worth it!

I already have a 5-bagger in one of my MJ positions, and 7 more are green. 2017 will be MY year!

PS I have a philosophical disagreement with the theory that if I buy 10 M more shares @ 0001 and sell them @ 0002 I make a profit. Those 10 M shares go into "the pool" with my other shares and their average is NOT 0001 but 0004.

Go REDG!