InvestorsHub Logo
icon url

SSKILLZ1

06/18/05 4:33 PM

#14241 RE: otcbargains #14231

OTC, I average up from time to time, but CGNW.ob was a stock that I kept averaging up for, because this stock is one of the cheapest stock I ever seen, and with just a tad of revenue growth, this company can be earning .04-.06 each quarter. Averaging up, some people have a problem with, but I don't really look at it as averaging up, as much as I have yet to buy my full position in the stock, and if I have faith in my DD (which I gernerally always do, that doesn't mean I don't miss something from time to time), and the technicals look positve I see no problem buying CGNW.ob at let say .50 for example if I believe its going to $1.00, yes .50 is much higher then where I started my position, but that is really irrelvant from my buy decisions. Now I won't be adding more of CGNW.ob since it is now greater then 10% of my portfolio, but the price has nothing to do with me not buying more of it at this price. Of course this is all just my humble opinion.