Gambling up or gambling downAppreciate all the good thoughts here. A small holder since the exciteable times in 2020, I'm now well underwater and wondering whether to (or if) average down. Year end was motivation, but having pulled the trigger a number of times before in December, I'm aware that Jan and even Feb has equal facility for continuing the slde as returning to normal, so I've kept out for now. Perhaps by mid-Jan? It could be well below $6 by then and I could get three times the leverage for an investment equal to what I put in last December, which is about all I'm thinking of chancing.
But I have to admit, at 2x sales and 12x cash flow, I'm not seeing a lot of upside if more new business doesn't start coming in, and European casinos aren't exactly must-haves for a lot of people. Maybe the American market is, but that's not running yet, and I certainly have no tools to evaluate it. Perhaps it would help if I gambled in my spare time?
Waitaminnint.....