Average down is a very tough decision, it's not that easy as saying average down after down 10% or 15%.
I will re-read the fundamentals and financial report. If there is not changes and the company is doing everything to survive. Next I will think of how much to add and how much I can average down. If after average down, the price per share is not much different, I will not average down. I will wait and be patience.
My example is SATS, the company cut 60% of the operating cost. Brought @$3.01, if I average down will be @$2.8x but I didn't cos I need to add in a lot of money.
Read later 😎
Average down is a very tough decision, it's not that easy as saying average down after down 10% or 15%.
I will re-read the fundamentals and financial report. If there is not changes and the company is doing everything to survive. Next I will think of how much to add and how much I can average down. If after average down, the price per share is not much different, I will not average down. I will wait and be patience.
My example is SATS, the company cut 60% of the operating cost. Brought @$3.01, if I average down will be @$2.8x but I didn't cos I need to add in a lot of money.
Good Pointers. thanks for the sharing.