I used to own shares in Vitaco last year. NZ company listed in...

I used to own shares in Vitaco last year. NZ company listed in ASX, with vertical integration trying to ride on the back of Blackmore success. It listed around $2ish and went to $3.20 in short time (1 or 2 months, I can't remember) suddenly with no news, It was gradual dumping everyday and drop from $3.20 to low of $1.50 I figured if I liked the company to avg up at 2.8, I would be more than happy to avg down.

The SP was held down between 1.5 to 1.7 for accumulation then one fine day SOA was announced for 2.25 A lot of people were not happy because they didn't avg down and they believe it was going to be the next Blackmore. My Avg was 1.7 so I couldn't complain.

The point is the drop from 30c to 21c with many players circling around is way to familiar, some announcement is imminent.

My avg is 26.44c but I don't have any more bullet to avg down when it retraced to 21c Happy with the risk reward, no complaints.