Average Cost from 12 to 8.2

Eugene921 : Is it still got chance to go up? Last time I bought in 22usd, then average to 19usd.

Cheong85 OP Eugene921 : I would said yes! It Should be up soon, Earning report shows very good results in Q2, 2x better than the expectation.
Now Clov getting heavily shorted, HF shorted a lot on this stock, definitely they want to keep the price as Low as possible.
I’m waiting Clov Get short squeeze to sell above 20
But can see it got strong support at Price, so when price Around that price I will keep buying to increase my Shares

Eugene921 Cheong85 OP : heard you said like this then I can just hold it, hopefully the short squeeze will happen soon. Thanks ya

Cheong85 OP Eugene921 : Before short squeeze, price will be up and Down a lot…if you have time, can sell some at high price and buy back at Low price and Keep repeating It will lower down your cost and increase you Number Of shares.
I’m always bought at 8 and sell around 9++ then buy back again when 8…

Eugene921 Cheong85 OP : I am now have 40 units of shares cost Usd19, means sell some at usd9++ and buy in at low?

Cheong85 OP Eugene921 : Or just buy more when the price drop to <8, it will greatly dilute your cost then just hold and wait for squeeze,So no need so troublesome…

Eugene921 Cheong85 OP : Okok, understand. Thanks for your advise ya

Cheong85 OP Eugene921 : To Average down your cost very important

When you cost at 22, Now the price at 8.2 you lose about 64%
To wait from 8.2 back to 22 is tough.

But If you buy at 8.2 now, to gain The 64% you only need the price up to 13 will do.

WarMage87 : down liao

Cheong85 OP WarMage87 : Expected la, they 53Million shares on loan. Do you think HF will just buy back? They will drag until you Lose confident and sell your shares.
Most of the ppl lose money due to no patient.
I Just buy more to further average down my cost, 8.1 now