Replies to post #17651 on uWink Inc. (UWKI)

[Rawnoc]

Buying more is how Warren Buffett became the richest buy in the world.

The key though is to know WTF you're doing in the first place and what is a severely undervalued stock in the first place. Then you buy more, average down, etc. with an ear-to-ear smile, knowing that you've been using that same strategy for years on hundreds of stocks and made a fortune.

And to quote Gordon Gecko.... "Greed works. Greed is good."

[Rawnoc]

Here's my prediction for Q3 for UWKI restaurants...

(and I know the restaurants mean little for the stock, but that's the most interesting part of this story to me as a UWKI customer)

Woddland Hills sales....$625,000
Hollywood sales....$800,000.
Mountain View Sales......$0.00 (early October opening???)
Total restaurant sales.....$1,425,000.

Might help slow down the rate of bleeding.

[P K G]

How about this?

You buy. It goes up. You continue to add shares.

You buy. It goes down. You sell out, taking small loss.

If you sold wrong, what's to prevent you from buying back?

Taking a small loss prevents riding one from $10.00 to under $1.00 as is the case with UWKI.

Following this requires disipline. I bought at $1.45 and still have it giving back some previous profits made following the rules.