I am trying to decide if I should buy more shares of this stock that I am holding 10K shares of.
I paid 85 cents a share a couple months ago when I bought them plus now the stock is down to 17 cents a share.
I just don’t really know if the corporation is going to survive or go bankrupt, that is the gamble that my pal and I take when buying stocks like this. If I also decide to buy $2000 of shares I could get almost 12,000 more shares, putting me up to about 22000 total shares. My heating plus A/C rep told me that the corporation will survive however it is going to take them a couple more years to get their act together. If I had 22K shares plus the stock managed to hit the $10 mark one day I would have almost a quarter million dollars. But if it tanks plus goes to zero then my heating plus cooling savings will dwindle down to zero. It is tricky because I have no idea if this corporation is going to make it or not, all I know is that they have been working on making cars for nine years now plus just started producing them. The air conditioner system plus furnace in the cars is actually fantastic plus it is a fantastic selling point, however the $200K price tag of the motorcar scares me because who has that kind of money to shell out for a car? I’m also actually not sure what to do but I know time will decide for me pretty soon.