Shroomie
:
there's 2.23 million shares in the float. The company is adding more, which drops the value of each share.. hence, the price will keep dropping. it's called dilution
Pearls Dad
:
Time to average down more for sure, what’s your average cost right now? After averaging down some I’m in at 1.65 with about 500 shares 🩵 good luck to you
JimyJimy
Jenna Ragan
OP
:
I got trapped on this one I bought 2k shares at $4 that reverse split day it when to 6 I didn't sold in a couple of minutes when down to 3 I keep buying since that day now I'm holding 7k shares at 2.95 this is stressful day by day keep going down hope earnings release comes soon
but if it keeps falling I'm going to get out and invest elsewhere. I've made money in this stock, just looking to squeeze more. remember, there's always other stocks.
JimyJimy
Jenna Ragan
OP
:
IL be happy with 4 but at this point it might going down to 1 or lower if that's happen is going to take time to go back up but you never know let's see if earnings release comes soon
Shroomie : there's 2.23 million shares in the float. The company is adding more, which drops the value of each share.. hence, the price will keep dropping. it's called dilution
Shroomie : it will probably drop down to $1 or less
Jenna Ragan OP Shroomie : thank you kindly
Pearls Dad : Time to average down more for sure, what’s your average cost right now? After averaging down some I’m in at 1.65 with about 500 shares 🩵 good luck to you
JimyJimy Jenna Ragan OP : I got trapped on this one I bought 2k shares at $4 that reverse split day it when to 6 I didn't sold in a couple of minutes when down to 3 I keep buying since that day now I'm holding 7k shares at 2.95 this is stressful day by day keep going down hope earnings release comes soon
Pearls Dad Shroomie : Very true, good analysis
I hope we can get some more shares for this cheaper price before it goes back up 🩵
Jenna Ragan OP Pearls Dad : I waited till close and got in at 1.45
but if it keeps falling I'm going to get out and invest elsewhere. I've made money in this stock, just looking to squeeze more.
remember, there's always other stocks.
Jenna Ragan OP JimyJimy : that's a good chunk of shares. honestly, for your sake, I hope it goes up past 5.+
JimyJimy Jenna Ragan OP : IL be happy with 4 but at this point it might going down to 1 or lower if that's happen is going to take time to go back up but you never know let's see if earnings release comes soon
Jenna Ragan OP JimyJimy : best of Luck to you
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