I really struggle with why some people invest in shares with little understanding, think about your statement for a while! "Been ave down and got it down to a bit under 2 now, but thinking maybe I should sell this as I dont think a bounce will happen! Anyones thoughts with it"
Why would you pump more money in to a company to average down if you think a bounce will not occur? Averaging down is only recommended if you believe the SP is cheap and will rebound significantly! Otherwise yes your average is lower and it might look slightly better on paper but you are losing more money at the end of the day!
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