firesale completed, no more desperates, page-4

Some would question whether averaging down is ever a good strategy: if the SP is dropping you obviously got it wrong, so why buy more? -- although it is not quite as simple as that. If you average down now it is not going much lower, I can guarantee that! This is the same company as it was at $1.26 with more tangible assets. It was never worth then the amount that those badmouthing it now paid.

But DYOR, and I am not giving advice. It's still a gamble, but you do get a lot of shares for your money.