trip, good on you. I've been trying like mad to average down and have been loathe to trade the shares. Got burned once and ended up losing shares. Of course hind site being 20/20 I should have sold on two recent occasions. Of course hind site being 20/20, I should have sold everything and dumped it into F when it was 1.70ish. Woulda Coulda Shoulda.
I've finally got my average down to a point where I am comfortable, so from here on out I'm going to keep adding on lows, selling on highs and rebuying on lows. From where we are now to anything lower, I'm buying, especially anything in the .20s.
Gotta think good things are on the horizon. Mel has been cutting costs like mad. I know John has been critical of his decision to not delay the upcoming satellite launch, so if there was significant money to be saved there with the risk of there not being much benefit, you would think that would be an easy choice to delay (Maybe the Sat's that are up there are just about on their last leg, so this launch is absolutely necessary). Heck, they are speaking confidently of being around as far out as 2015 (They brought up during the last CC that they wouldn't need to replace satellites until 2015 once this next round of launches are finished)... I'm as anxious as any long term investor regarding release of new marketing, new apps, a new and fresh web site, etc.. If you believe in the company, you know it is coming. I can't help but think they are waiting until they have people's attention and right now, everyone's (consumers) attention is on all the general gloom and doom. How can they increase their prediction of FCF to 350 million??? Total BS??? If this company pulls through and when all the gloom and doom subsides, all the critics will be piling on this company as a total success story that weathered one of the worst economic downturns in history without any government help.
We'll all see soon enough. Key is to have a plan. I've got both a long term and short term plan. Good luck to all.