InvestorsHub Logo
icon url

agribusiness72

09/11/12 6:17 AM

#8649 RE: qtipjoe #8647

Here's the problem with your reasoning. Everyone likes to "talk" about averaging down, thus lowering the cost of each share owned. Yet that's only to mentally reduce guilt of the "I'm losing My shorts and made an awful mistake" attitude.
As your opinion is that this is the bottom your happy to buy what you can and hold what you have in hope that the stock goes only one direction. Now the problems. As you've stated there aren't enough shares currently available for people to take advantage and buy low. Second, this is not the bottom. Third, any increase in price will only lessen your losses, not for years to come will you get your money back as this stock is not going to rise 1900 percent to get back to where it was. Profit takers alone would prevent that. So in this sinking stock with no profits, losing cash by the month, you are happy to have lost 95% yet can't take advantage of the low price because shares aren't selling. Glad you're happy though, I'm sure you are the only one. 700,000 dollar loss?? Just think what you could have done with that money, and now it's gone, and very likely gone forever. Have a great week.