nursery,
my entire point is that anyone can fabricate numbers post event to prove/disprove the average down theory.
If/When the SP rises to $1.50, I suspect there will be many, many of those who averaged down who are happy to see that rise and consider themselves smart for doing so.
While the SP languishes @ 50 (ish) then those same people are more likely to spend sleepless nights worrying about that move.
Cheers,
R2
average down - lyc, can it work?, page-34
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