Averaging down strategy not advisable Be careful averaging down in your losers. Adding weight to a sinking ship is almost always a bad decision. You're better off averaging up into the positions that are executing.
Companies like zenabis can simply fold one day leaving the investors in limbo, the insiders and founders always have their bets hedged and can take back the co through CCAA and asset auction after bankruptcy.
If it was too good at these prices, investors would be jumping to buy. I think the need to buy would be triggered once the price drops under the last raise of 4.5 cents.
I already have over 500k of zenabis, would I buy more, May be I also suffer from the confirmation bias syndrome and would look at 3-4 cents as a short term buying opportunity to exit the position before end of the year