RE:RE:RE:RE:For anyone who wishes to know Fidelity's position...And the chart would support that. So to average down in light of knowing that is pretty unprofessional. And then to argue about people standing aside and waiting post stopping out would be highly unprofessional as well. Its actually being rather stubborn to go against what the market is speaking to you.
You are an amatuer in the markets. You think this was pot stocks part II. And don't get me wrong this is what happens to many. It might be what happens to the Winklevoss's as well.
I may be the boogeyman that you fear by your "we know what you are up to" but the 30 cent folks can and will step on this and have succeeded in it and what is to stop them from continuing. Others step on it too cause they see the odds for the trend down to continue to be high.
You keep averaging down and want to tell people you will be in the same price as them after averaging down. Well that is no fact and never will be.
Ok so on the chart. The 2.60 was the ok the bears are in total control here. If I am long its time to step off for good. Note it was also a gap way back re teh 260 area. Now we approach another gap. Will that be support? Do we need to be heroes and buy in in the downtrend or can people just wait for the reversal and get the wind at your back? The RSI can't make it back over 50. Its a trend. The trend is down. Average down and enjoy. But its not professional. MACD about to cross over bearish again. Any further downside it keeps rolling down. We know there is no news to come.
For those that have averaged down. All I can say is that clearly its a strategy that you are not sure will work and all you can do to support it is say you feel it will reverse and you will come out on top. For those who tried and stopped out, tried and stopped out they have learned that trying to go long in a downtrend is not professional either. If you have been short you have been correct. If you stood aside you have been correct. Simple as that.
And as was mentioned and showed true as well holding through a Q report is a coin flip.
HIVE Chart