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Cynomus

10/23/20 10:13 AM

#170977 RE: susa #170947

I don't understand your expensive plan to average down. I did that too a couple years ago, and it cost me dearly. Why not take the same investment money and put it in a known solid/profitable stock, rather than a lottery ticket, with consistently poor pps performance?

I felt it was trying to buy myself out of a terrible investment by giving the same crappy company even more more. Sure the investment there is stuck at a terrible loss (some stock being bought near the all time high), but buying more prior to the CEO delivering as strongly suggested, seems imprudent. Now I just flip what I have already lost my a$$ on, an effort to slightly improve my position, in the event it ever does move up again.