'So, my pick is this has bottomed or is close to bottoming. Sufficiently close that I think there is greater upside than downside risk'
Definitely close to the bottom. At least no more than 7c from the worst possible bottom.
With no room much to fall it means there is more room for a rise. I can see no reason why the SP has reached this low point. I can see plenty of reasons why it should improve from here. Maybe there is someting I have missed. Maybe the company has something going on that we are not privy to.
I've been averaging down until now. The bottom drawer is my next step. The fundamentals still say hold. I'll hold.
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