I have an average price of 3.18 on my 500 shares. Plus, I have lost about 6k in the past on Sirius stock which I sold (that was a good move.. kind of)
So basically I have about $21500 on the line. I can afford to lose it, it would be a good lesson, but I would prefer not to.
I will risk another another $3000 on this stock. I have a buy order in at .2 for 10 000 shares, this would average me down to about $1.4. If it goes lower, I will buy another 10 000 shares at 10 cents, which would reduce my average to about $1. But I will only buy more after the earning release...
Without a reverse split, I think I could probably break even by next year if the company continues to ad some subs. If not, I will hold it. I'm not selling... I can risk it if the company goes BK, which I don't think they will.