"Further to my above post, if you have 500K and bought shares at $1.30 then sold at $1.80, you would get back roughly $200K. If you had done this a few times when the sp went up and down from 75c - $3 you would have easily made your losses back."
This is the single most stupid post I have seen on H.C. yet. You completely fail to grasp the predicament Karasco is in.
And Joe the cabbie - your post isnt much better. To state the bleeding obvious, averaging down is what got Karasco into the mess he is in.
The urge to "win your losses back" is a classic compulsive gambling streak.
BNB
babcock & brown limited
whats wrong with market depth, page-48
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