Replies to post #2489 on Freedom Environmental Services, Inc.(fka FRDM)

[Zunobira]

I am not short in FRDM but long

Keep in mind, we are not here to make love or romance with a stock. All we are here to make money by using stocks as investment tools.

I am long at $0.024 and thinking to buy more to average down. But the fact is FRDM's trading pattern is fully in slow bearish mode. It might hit $0.015 or lower if no good news comes soon. If you notice daily trade, there are some good amount of sell off. Like yesterday 260,000 sold at $0.019 then just 500 bought at $0.023 to give a fake impression of stability or pop. Today also more sales than buy. Clear sign that some one dumping slowly everyday.


I want to buy more to average it down. But not in bearish trend (falling knife), instead I will buy once it looks stable. I don't want to increase my bagholdings at $0.024 if this go down to $0.01. The pinkies are always of high risk no matter how good the potential is. The risk comes from dilution. However buying at the very bottom gives some profit when it pops up temporarily.