Sabbath - just my two cents worth nothing stock specific - averaging down can be o.k sometimes as long as you have a diversified portfolio - to have more than 20% of your total portfolio in one stock breaks many golden rules.
most importantly never try and catch a falling knife by guessing where you think the bottom maybe- if your going to average down do it after the bottom has been confirmed.
I know a few PLV holders that averaged down at 60c then again at 30c and have nothing left to buy at these prices and already have way to much exposure to the one stock.
Hoot
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