AVB 0.00% 16.5¢ avanco resources limited

disappointing results market expecting higher, page-39

  1. 35 Posts.
    Well done to average down. I recall a couple of years ago i had a tip on ARU and bought at ?0.90cents or so and sold out for tax reasons at $1.20 as had losses elsewhere. Look what would happen if I had averaged down. went down to 38cents now back to over $1.50. So having the courage to average down is very rewarding both for courage and strength of conviction.
    Although lacking in financial courage I cant see AVB being high risk even in a downturn it will stroll back better than ever.
 
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