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