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My basis is a bit over .80 now because I have been buying all the way up. My initial buy was in the .70's, the stock fell, I did what they always say NEVER to do, I doubled down at .31, then kept buying. I have some now that I've bought above a buck, and some 1.64 just the other day.
As much as I'd love to say what a low basis I have, I want to have more than I do now, especially in my IRA which I can fund for 2013 on the first trading day of January. I suspect that we're going to see a pop on that day as the 51.53 club piles in.
I'm in a daytraders chat room and one guy keeps talking about how all biotechs are scams, how no one can make money on them, etc. LOL I've been posting buys on CTIX since .47. Oddly enough, he still won't shut up. ? ? ? ? ? ?
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