RE:RE:RE:RE:RE:Still hopebuing more here to average down is insane...
ESM is dead and will end up as a shell again before anything happens in the year 2525....
this will be a rinse repeat...and everybody with big money invested here will loose it all !
buylowselllwr wrote: Curvy/Pantsonfire,
Could not have said it better myself. Ironically, I was short a name called HIVE. A poster their called it the "buy of the centure at $6". I went short at $5. He averaged down on "every dop" from $6. He says hes better offf than me cuz he averaged down. I tried to impress upon him your point: buying more at lower prices doesnt erase your losses!!!!!!!!!!!!!!!! It just INCREASES your potential losses.
Having said that, are you still long ESM? WHAT WERE YOU THINKING????
Curvature wrote: leon That is the big retail mistake! Your average might be lower but it does not change how much you are losing. One should never average down unless and this is difficult to do! You have to pretend you own no shares. Look at the investment as something totally new would you invest. If the answer is I am not sure you should never average down! You got to confidently answer the question yes this looks like a good investment at this level!