Yep, I did it again. Bought a falling knife. But, over the two days, as ASB falls like the proverbial, the portfolio has hardly moved. So, sleep is sound. Diversification is a thing of beauty. It takes the edge of the emotional side of investing as well. It allows one to take a step back- and reflect- and hopefully make an informed decision about what to do next. Important, because no matter what strategy you use to avoid falling knives- you are bound to get them. You cannot avoid risk- you can only hope to manage risk.
Thinking about buying more here- but no need to hurry. When a stock loses more than 20% in a day- it is pretty sure to continue to fall.
IMHO DYOR
ABC Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
