Re: SP 52 week low
in response to
by
posted on
Oct 05, 2022 02:21PM
I bought a few more when the price was just over 0.50. In hindsight not a great move. Buying more at this price means that you can lower your average cost, but it still requires the SP to reach the level of that average cost. If it does then something significant still needs to happen, and initially that would likely be on the financing end. At this point I'd be happy just to break-even, and I'm not sure that buying more shares would necessarily get me there any easier than just staying put. If the SP is going to go up meaningfully at some point I'll likely be able to BE anyway rather than risking yet more cash now and losing even more.
Doubling down on a stock like this is very risky. There's just too many things that can go wrong. Chasing long Covid sufferers 6 months from now, well, the landscape for that can change big time between now and then. They've tried Covid before and it hasn't worked out and it could happen again. I think, and really always have, that their best option is BoM2.