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Augme Technologies, Inc. Message Board

xziw34 2 posts  |  Last Activity: Jun 2, 2015 2:43 PM Member since: Oct 17, 2012
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  • Reply to

    Generally Not Good To Avg Down

    by cheerfulmichael6 Jun 2, 2015 10:08 AM
    xziw34 xziw34 Jun 2, 2015 2:43 PM Flag

    no one's saying that if a stock is worthless that it won't go to 0. But a stock that has gone from .60 to over 6.00 and is now dilutinig is bound to have a nice pullback. If you like the company and believe it has merit, then you average down. Sure, you try not to fight the tape, but i don't believe there's much of a tape to follow here. So if i bought at 2.3, I'm going to buy at 1.90, given the fact I think the co. has good prospects. You make my point. "It's very had to value early stage biotech co.." So, if you believe in it, averaging down makes sense. And not only retail investors average down. I traded for one of the largest otc market makers. Institutions average down all the time

  • Reply to

    Generally Not Good To Avg Down

    by cheerfulmichael6 Jun 2, 2015 10:08 AM
    xziw34 xziw34 Jun 2, 2015 10:14 AM Flag

    yes, always better to pay more for the same stock than to pay less for it lol