Yes Mak alot of people have averaged down and still deep in red. I have averaged down from 80 cents and would be averaging In the high 50 cents, so at present I’m still 30% down.
I have found once you have a large number of shares it’s very hard to bring you average price down without substantial additional purchases, which then can really skew your portfolio and increase your downside risk if things continue to slide, as they have.
Yes Mak alot of people have averaged down and still deep in red....
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