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Re: rh71291 post# 63807

Wednesday, 03/11/2020 4:35:09 PM

Wednesday, March 11, 2020 4:35:09 PM

Post# of 70331
I wrote some post about your scenario.

Averaging Down does not work for me.

If a stock I own is down - I just admit I was wrong - and then buy something else.

I don't keep throwing "Good Money After Bad".

However, that advice isn't going to help you much because it sounds like you kept on "Trying to Find the Bottom".

The Long-Longs will tell you: "You don't have a loss until you sell" - but we both know that is a bunch of BS.

So from here: You have three choices (and neither of them is good).

1) Hold your ACB Shares (and sell on a pop or pray for a MIRACLE).

2) Suck it up and sell them ASAP (and count this as a lesson learned).

I hate to see people in this situation - that is why I have been WARNING PEOPLE FOR OVER 1 YEAR - but you must have listened to the BS Longs on here instead.

I wish I had a better answer for you. But the best way to make money in the Stock Market is to not lose it in the first place.
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