Many thought it was a food buy at 12 only to be cut in half..........same at 6...........You may want to think about hiring someone to manage your money until you understand the market and investing fundamentals and turn your cash over to those who do.
That said, many go to the track and only bet the long shots. This method has a proiven very low rate of return. Basically all you are doing is gambling. Dont bet more than you can lose on your horse with its broken ankle.