Time to average down ?, page-160

If you’re trying to average down to minimise loss, you probably need to wait till it gets a fair bit lower i.e. 20-30c. Then at some point you’re going to have to pick a price you’re willing to sell at and a loss you’re willing to take as a tax write off. Holding for the very long term may get you somewhere, maybe even to $1 to $2 SP, but there would have to be exceptional changes and some luck. Chances are Appen becomes more and more irrelevant in the AI sphere over time at an accelerating rate due to the quantum leap theory. If it stagnates at the $0.40-$1.00 range over the next 5 years, you not only still lose money, but lose the opportunity to make up some off your losses by having invested the money elsewhere.