Cthulhu, that's a flawed bit of advice for long te
Post# of 75387
(Total Views: 349)
Posted On: 07/08/2017 11:03:58 AM
Cthulhu, that's a flawed bit of advice for long term investors, and it's to those investors I speak.
If in your infinite wisdom, you wait for confirmation of support, there's a very slight chance you can get lucky and a very good chance they'll throw huge news out before or at the open, (before you've pulled the trigger) on any given day, and you'll see your great "bottom" explode in your face.
If you're investing thousands (even 1 thousand) into something for less than 10 cents a share with the evidence suggesting it will be worth tens of dollars a share in the relatively near future, the difference of a couple of cents is trivial as you average down. My average eventually went to under 5 cents, and the new stuff I'm buying will be so close to that it's irrelevant.
The only time your advice is worth the ink to type it is for swing traders with limited capital, but you have made the mistake of tossing too many negative suggestions onto the board concerning the company's future, which confirms that you are trying to manipulate the price by scaring weak hands into selling.
Better off to ignore the BS, average down and not miss the plane. I'm not going to hold back thousands of dollars that could've averaged at .065 and have to chase it past .09 as it takes off on surprise news!
If in your infinite wisdom, you wait for confirmation of support, there's a very slight chance you can get lucky and a very good chance they'll throw huge news out before or at the open, (before you've pulled the trigger) on any given day, and you'll see your great "bottom" explode in your face.
If you're investing thousands (even 1 thousand) into something for less than 10 cents a share with the evidence suggesting it will be worth tens of dollars a share in the relatively near future, the difference of a couple of cents is trivial as you average down. My average eventually went to under 5 cents, and the new stuff I'm buying will be so close to that it's irrelevant.
The only time your advice is worth the ink to type it is for swing traders with limited capital, but you have made the mistake of tossing too many negative suggestions onto the board concerning the company's future, which confirms that you are trying to manipulate the price by scaring weak hands into selling.
Better off to ignore the BS, average down and not miss the plane. I'm not going to hold back thousands of dollars that could've averaged at .065 and have to chase it past .09 as it takes off on surprise news!
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