N: any word on DDSS..i got in @ 1.59
Ans: DDSS OLEPTRO drug was approved in FEB and as per announcement, they will be launching it in 3rd quarter.
DDSS was in oversold zone last week, right now its recovering. With RSI at 31, it's good time to buy but remember to check historical prices, here is a summary for 1 week.
So even if you average, you can expect a change of 4% from this stock. At current price $1.20, its 23% down from $ 1.59. But inorder to reach from $1.20 to $1.59 its 32.5%, below i have given an example with $ 1000 investment. Usually it takes 4 times of the original amount to average any position. The other way to compensate for your loss would be investing in some other stock and making some profit out of it. I think if you set your daily target gain at 5% -20%, you should be able to recover your losses soon. Let DDSS grow by itself and make profit from other stocks to cover your loss. |
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