GBG gindalbie metals ltd

massive after close trade, page-9

  1. 11,142 Posts.
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    you do realise going 'all in" on a spec stock is a good way of going broke, people don't realise that averaging down has sent more people broke than made millionaires,

    especially on a stock like GBG, sure it could recover back to $1 , nothing would surprise me and ill look like a dill, but it could also go broke or be broken up or be delisted or anything like that.

    Averaging down only makes sense with solid bluechip companies that will probably not go broke like BHP or CBA or TLS etc.... imagine if you were an investor in NCM and you averaged down,it was a blue chip a couple of yrs ago, you would be nearly bankrupt, I hope GBG works out for you,if it dosent at least you will learn the experience the hard way about averaging down.

 
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