My opinion:
Statistically averaging down is a recipe for a financial disaster. I tried it before and almost always had just increased my losses. Read a few books - all will say that this is a very bad practice.
I had some nice profitable trades with AGO in the last 6 weeks but after today's collapse I sold all. This made a dent on my profits but better cash in smaller profits than watch profits turn into losses.
And because ASX in general looks that correctiion might be coming then AGO is in a very bad shape in coming days.
Since it is already when the ASX has closed - we will see how AGO opens tomorrow. Charts looks bad.
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