adu up on a down day and no news!, page-6

Oh and yes you are probably right Loki re: averaging down. I Just (from memory) did not have the money. ALso I guess at the time it was a question of faith as to whether the knife had stopped falling.

That said depending on what ideology you have, if the knife is still falling, some investment experts would argue that those who have no idea what they're doing would just continously averaging down what is otherwise a loss. Other experts spruice the merits of doing it. I can see where the former comes from, in that it does highlight the fact that you're covering a previous loss/error in decision making just by averaging it down, and that it may continue to be a loss. But i guess this is where ADU comes into play in that it appears that the knife has stopped falling.

Coming into production now I would say puts alot more certainty on the floor. Unfortunately it has come during a possible GFC2. Assessing my options, my sell (it's a st sell btw not long term) would be to offload another 50% of my remaining shares (not alot) , keep the rest as an exposure, and the reason for taking back the money would be to buy more adu if it does it's usual retracement, or to buy into other opportunities given the current market climate. Probably the main reason for taking money out of adu is at one stage it was 30% of my portfolio value, I would rather have small positions in several interesting companies, whereas one or two main positions, once they get stuck things can get quite boring haha.

Hope that explains my sentiment more. I"ll look into the merger more and get back here as to my thoughts. It's time i opened that massive merger booklet posted to me, times have been real busy lately...