RE: Sp...6 Jul 2018 11:54
Hydrogen, thank you for taking the time to reply. I agree that it’s difficult to know what to do in situations like this. It make sense to average down when possible in the hope that the price will recover (which I think it will) in time. Of course this raises exposure. I did this with SDX last summer, average down from 59 to 43p and it kept dropping so thought enough was enough. That was an example of fundamentals being fine and no single specific piece of bad news just manipulation by whoever. I made the wrong choice and sold when it hit 43, it then recovered to 70 which cost me dear but taught me a valuable lesson.