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Re: None

Tuesday, 06/04/2019 12:15:23 PM

Tuesday, June 04, 2019 12:15:23 PM

Post# of 1386
For us individual investors who are underwater it doesn't have professional implications. For institutional investors, if you're recent and still building a position you may be happy, or at least willing, to average down. If you have a full position at an average cost of $5-6 per share or higher, it's very risky to continue buying and very possibly compounding your losses. You also don't want a big loser in your portfolio in your end of quarter reports. I think this type of purging is driving the price down.
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