Problem is there's nothing wrong with averaging down but at some...

Problem is there's nothing wrong with averaging down but at some point it starts to make no sense.

So many stocks here on and social media you see holders saying they keep averaging down sometimes into sinking ship stocks...... off the top of my head just look at bnpl stocks, dw8, spx, theres so many more...... Some people averaged down the whole way and are now still sitting on 90% losses and have now are just sitting on the hope they'll turn around because the loss is too much, and I'm going to guess a lot of these stocks wont turn around. Really unfortunate for holders

Not at all saying this is the case for xtc. If management get on with it and steer this ship properly there is a lot of potential here just need to hope they do