ThanksThanks, Paydirtmax, I'm not trying to be a Smart Arse, but I lost a lot of money averaging down previously on other stock, these guys are a wake-up to all those tricks. I got caught on one that wouldn't stop going down. The problem is that their business was actually driving the price down. They were selling 'cheap' stock to people. It was quite sophisticated really. I have never seen anything like this before
I bought $500 worth ie 60,000 at eight-tenth of a cent. But that was high & it started going down because of the company's capital-raising strategies, I had already been caught on another company, & this one wasn't going my way, so I didn't buy any more. As they say, don't try catching a falling knife. A principle of momentum trading is only buying when it's going your way - up. This was a sophisticated sting . As I have said previously, I don't think this stock is about gold mining, rather it's about mining the market.
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