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TechI was never talking about "averaging down".I am talking about some judicious dollar cost averaging into equities that may have already bottomed, or have little further downside risk.For example, I presently have a buy on APA conditional on it hitting $2.55 again. You have to go back 5 years to achieve that price and back then the dividend return was not strong.With regard to KZL and many other commodity stocks, don't expect a turnaround any time soon. However, KZL is now trading at a price last seen when it was still a few years out from becoming a producer, and had a relatively small resource portfolio backing it up. The company is many times more "valuable" now than it was 6 years ago and there is a good probability that value will be unlocked when the market turns.
Tech
I was never talking about "averaging down".
I am talking about some judicious dollar cost averaging into equities that may have already bottomed, or have little further downside risk.
For example, I presently have a buy on APA conditional on it hitting $2.55 again. You have to go back 5 years to achieve that price and back then the dividend return was not strong.
With regard to KZL and many other commodity stocks, don't expect a turnaround any time soon. However, KZL is now trading at a price last seen when it was still a few years out from becoming a producer, and had a relatively small resource portfolio backing it up. The company is many times more "valuable" now than it was 6 years ago and there is a good probability that value will be unlocked when the market turns.
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