RE: Unitedguy and his Cronies9 Feb 2022 12:19
Personally I’ve averaged down from a smallish purchase of 1.75. Not many like to sell at a big loss. My average is well under a quid now. Catching the spikes and timing it is hard. Either you believe there is something here or you don’t. If you see a path which subsequently unfolds then losses on paper will be quite quickly recouped. If you are a negative one, you’ve been so battered that I can understand the disillusionment. Heart goes out to those people.
I might be in the same boat as them one day but I wouldn’t deramp to get a better average. I don’t care. It’s not important to me to squeeze that extra profit out because people are getting burnt on the way down. Not my style.
It’s a risky stock . It’s aim. You could lose a lot or make a lot. It’s a gamble but with nnn there is some decent work going on and I’m hopeful we’ll see some positive developments soon. DYOR everyone and good luck to all