"Depends on the share & situation, with lynas if you averaged up & held every time you would have a terrible average right now because it would be accumulating until the fall then your average would be higher than the sp after the fall & because you wont buy to average down you end up just raising your average every time the sp rises & losing out even worse everytime the sp falls, averaging down is lowering your average towards the current sp until it turns upwards & then your in profit. Your suggestion does not make sense when used for lyc, maybe for another share? Has anyone on here averaged up & are now in a better position than an average of 56c?"
As I've said before IMO averaging down on lyc is no riskier than buying shares based on TA & is definately less of a gamble than averaging lyc up
LYC Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
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