After reading your replies, I pulled the large orders I had put in to average down further. It's better to play it safe and lose what I have already "invested" (lol what a joke, thought I was investing), than to risk losing more and trying to average down during this price cut opportunity. Only time will tell if I have made the right or wrong decision. I went over previous brokers' advice from different institutions that I had sought last year, all of them said what I thought, which was that it had sticky customers, good recurring revenue, good foundations, good finances, the only red flag ONE out of 4 brokers said after I had already bought in and averaged down, was that margins were decreasing and NPAT down as a result, likely due to covid wage rises causing higher expenses and covid causing competition for biz. 3 out of 4 said glowing reports and to buy and they weren't "pumping" the stock. So we are not the only one's who got hood winked. It made me feel a little less stupid, but yes, I will never invest in a non-blue chip THAT ALSO HAS GOOD FOUNDATIONS ever again. And I will never average down on company news and downgrades again that have a real effect on bottom line.
Unfortunately I have a few other dog stocks, also purchased years ago around same time before I learnt this loss loser lesson.
Thanks HC members for your support. It does help and fortunate to have your input and empathy.
GLTAH - I'm with you until this stock either lives or dies. But anyone who can take a small loss or small profit, genuinely happy for you that you can get the fork out alive!
BVS Price at posting:
38.0¢ Sentiment: Sell Disclosure: Held
(20min delay)