Haha yeh I see he is not your no1 fan either. These people humour me though, I just take it as it comes and at the end of the day reflect and just have a laugh about it all as I'm sure Sonia does. Life's too short for such pettiness. GL All.
I thought it worth clarifying that, as I am sure you know, a "Hammer" forms when the shareprice drops significantly below the opening price, but recovers later on in the day to close either above or close to the opening price. Contrary to our friend's view, the hammer is an indication that the bulls are strengthening because it only occurs after a period of decline. For it to be a reversal signal in the other direction i.e that the bears were taking control, it would have to be an inverted hammer. So the position of the hammer is not the determining factor but the nature of the hammer itself. Have a good day :)
Thanks for your message. Yes your point is valid, and I know lots of people here haven't had the opportunity to average down and are still sitting with high averages, which I hope they will soon see. I only invest money which I can afford to lose, and in this instance by averaging down along the way I've managed to turn the corner and have set targets both if the SP goes south or North.
YB87, averaging down only does you good if you take profit and bank it, else you have only just got in deeper and have increased your possible losses. Still being such a knowedgeable investor you know this.
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