Hey, even I can see that (unless the company is actually going bankrupt) after 2 years of total miserable performance of the stock, at some point the stock is oversold. I don't need a chart to tell me this. Why do you think I bought back in at .0175? It was a calculated risk. It was my attempt at correcting a grave misjudgment in error of ever thinking that Matt or CBAI was a worthy INVESTMENT.
I didn't like the REVERSE SPLIT, but it did keep them out of bankruptcy, at least for the time being. So, after all was said and done with the chill and the stock price hit rock bottom, I bought back in.
So, now would I buy more to average down again? I would say yes, if I had the funds, I would buy in to average down. Why? Because there is some hype building with stem cells, and whether or not CBAI is actually ever going to make a profit (which I don't see anytime soon) they will still be the recipients of a sector that has a little momentum moving forward. And as more traders come in to buy up shares, the price will go up.
Yes, dilution is going to continue, but there is also a chance that some good news will come along to offset the dilution a little.
Overall, the trend is up. I agree here. For how long? Who knows. There will be spikes. The faster up it goes, the greater the pull backs. We all know that. But if the lows are higher than the last series of lows, then it's going up. At least that is what it looks like since it fell below 2 cents.
Good luck to all.
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