we know he sold in 40s as it has not been below that my friend in month and he supposedly sold it recently so worse case is he sold it at 4 and if he picks it up tomorrow at .055 todays closing price or even .06 on its way to 07 08 etc he can buy back 2/3s of his position. lets say he owned 300K before so now he will own 200K. Ok lets say he holds onto it till its 5 bucks as i said in my example he is a millionaire, not bad at all if you ask me. Ok had he not sold he would be a millionaire and a half but if he does not buy back in he has 300k time .04 which is 12k. so he must buy back in and not cry over spilt milk
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