Replies to post #28798 on Plug Power Inc (PLUG)

[arvitar]

There are thousands of others who have applied that same strategy for the last 17 years, since PLUG began its descent from $1200.00.

Maybe it will work this time!

[Ag Boy]

I have now 5000 shares @ $1.20


Alredy made my desicion and I will buy more 5000 shares at $0.80 and will own 10.000 shares at price $1.00


if this continue fall and hit the $0.50 I will double my shares again and will buy more 10.000 shares at $0.50 and will own 20.000 shares at average price $0.75


With my strategy I can certainly lose money, but I'm sure I will not miss the train in case it starts to climb

Instead of averaging down, trying averaging up ie, buying more of a company that is successful and trading has proven to be profitable at current levels and you will not have missed the train.