I keep waiting to average down, but at some point you have to wonder why people are selling with such voracity. Some combination of shorts selling with impunity and longs wanting out badly enough that they don't care what kind of discount it takes to exit.
One can construct explanations that don't challenge the fundamental reasons most of us bought JAV, but the further it goes down the harder you have to consider the alternative that all isn't as it seems to be.
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