WR1 General Discussion, page-26561

True I would say people weren't waiting all the down. But the point is taken from the highs and lows.
As a LTH i can tell you I bought a parcel at $2.20 but my average was still sub 70 at that time.

Too many people are just assuming that everyone some how bought at the very top.
Personally, people that bought at the top, would most likely have cut their losses when it dropped to $2 or if not, $1.30

I would say only people that got in sub $1 would've been holding bar a few, or like me moved to free holding when things started to dive.
Also gotta consider, even though everyone says "back up the truck", I doubt anyone would actually be doing that on a company with a MC of 300mil.
Especially after it rose 15x in about a period of 3 months.

Don't get me wrong, I still bought on the way down, but definitely was significantly less then when I first took a position and on the way up from 18.5c

I'm sure there are plenty of people that are in the red with this stock but I reject people like Kev who harp on about riding it down from $2.52 etc especially when people like me rode it up from 18.5c.

Its important to also recognise, that now we are at the bottom. People get more shares far cheaper and would be able to average lower far quicker since they are buying more shares. Personally, would love this to stay at these levels for a few months more.

I mean if you're really ballsy, you could get a massie tax credit if you think it'll stay down here for a month.

If you had bought at $2.52 and sold at MRE release for $1.26. You'd lock a 50% loss in for tax time. If you waited a month you could've bought in at 51.5c, doubled your share holding and made more money on the way up with the tax credit to boot. All perspective.