Rising vs declining stocks Everyone wants to make money. Rising stocks are the easiest to buy because as soon as you do you are in the green. Feels good. But, then it's easy to get trapped. Then, like many recent tech investors discovered who are easily down 50% and more on some of the biggest high flyers with no distributions to wait it out either, the fear of having over-paid sinks in and they sell at a loss.
On the other hand, buying a declining stock, is far more difficult. Emotionally, it's like throwing money on a fire as your trade goes red instantly. And, averaging down often feels like trying to catch a falling knife since the bottom seems endless which forces many to sell at a loss as well.
Either way, it's a sinking feeling holding an equity in the red. I have experienced both scenarios, and I have had better success with the latter and why today I remain a contrarian investor. In the former, I've had to average down just to get out at even. In the latter, you average down agan but eventually, if it's a good underlying equity, with patience it strongly bounces back, often because it was previously over sold, giving you a sizeable capital gain and juicy distributions for those that have one.
Of course, this is not a sure bet. I have bought some declining equities in the past that did not come back. But, in those cases, they were highly speculative bad stocks to begin with as oppose to a good stock in a temporary bad situation. I believe INO is very much the latter.