RE: Monday blues6 Feb 2023 13:42
3 years ago i waited fir the bottom in EQT and bought at 0.6p.
I then averaged down another 10x...even with good news. I ended up witb over a dozen tranches each time lower and lower. I gave up at 0.35p and dumped at s big loss. They are still going down.
Averagibg down can prove costly. Judging the bottom and getting it wrong again and again is as bad as 'catching a falling knife' is worse...especially when there is a lot of buying?
Icon may.....BOUNCE...but i suspect this rubber ball has yet to hit the floor...when it does it may hang on to the floor or find a new floor at basement level for sometime until we get clarity.
Bottom fishers...keep fishing.
Gla