I guess you need to look at the drivers which forced the share price down to these levels to begin with. The Companies debt had a lot to do with the sentiment among investors. I would suggest any sell off is more related to short term holders taking profits from last months lows, rather than long term investors worry about the success of the company or industry. We are talking about a 10% drop in the shareprice from yesterdays high which doesnt say much. The share price is still at its highest levels for the month of July. Nobody wants to hear your bad investment choices or sob stories about how much money you have wasted.
You are right about one thing. Never base your equity purchases on anybodies advice on any thread..
I guess you need to look at the drivers which forced the share...
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