Replies to post #42639 on Elite Pharmaceuticals Inc (ELTP)

[Drugdoctor]

You paid .15? Why didn't you average down at .075 or even here at .09? If you are still holding, why not be profitable when it returns to .15?

[Aqua]

Hi there,

Averaging down would cut your losses significantly once the shares starts moving back up. For instance, buying shares when it went to the 5s, 6s, and/or 7s would at least get you to break even, depending on the amount of shares purchased. Cheers!

[Couch]

And you haven't averaged down why?? Meaning what has changed about the company since you bought in 6 cents higher?

[dr_lowenstein]

You and plenty of others bought when this looked like a sure bet. Doesn't look that way now, does it. These pennies are very very very risky.