SPX 8.33% 1.1¢ spenda limited

Ann: Reinstatement to Quotation, page-114

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  1. 5,201 Posts.
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    The most surprising part to me is that @slasha is now able to recognise he made a serious error of judgment plowing tens of thousands into the options, but can't/won't consider that plowing hundreds of thousands into SPX heads from 7.0c down to 0.7c is a likely an even bigger error. Ironically the people who tried to warn him off chasing the options are the ones he considers trolls, yet listening to them would have saved him torching a lot of money...

    "Don't throw good money after bad" is a sage piece of advice I once heard about averaging down on a losing position. Everyone has their own financial circumstances to consider of course, but in my opinion averaging down is very rarely a winning strategy in the speculative microcap space... especially on a stock that has a history of changing its strategy, and its company name, several times.
 
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