When it comes to penny stocks, I'm generally not a fan of averaging down - it's sending good money after bad to double your holdings in a stock that's plummeted in price and shows no sign of recovery.
However, when a stock seems to be picking up after a long slump and signs seem positive, it can be a good idea - and that's just the case where Revlon (REV) is concerned. The company seems to be getting back on its feet, and it's getting good buzz in the financial press, and since I have the cash lying fallow, I've decided to double down on this company ... here's hoping it pays off.
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