thoughts on ado, page-30

Hi PeterFred,

Good question, what would I have done?

In the past, I have averaged down involving decent amounts on two stcoks, RMS and GXY. In both cases averaging down has not served me well.

I appreciate that if one sees value at 28c, then they certainly should see value at 20c. Question is do you increase your exposure or do you ride out the period where the share price is depressed?

I would have allocated a certain amount of capital and then looked at buying in stages, rather than one big hit, spread out over a week or two. But I would not have bought more shares than the original allocated capital allows, no matter what direction the shareprice was moving in.

I am a firm beleiver that it does not matter how often you are right or wrong, what matters is how much you lose when your wrong and how much you make when you are right.

Looking forward to ADO getting back to its previous highs and beyond.