The reason for buying more shares in NOL is no longer valid, from a technical perspective. I buy in a downtrend only when I see the building up of a positive divergence. Once that picture is negated, I stop buying. I do not throw good money after the bad.
Do not throw good money after the bad? This sounds familiar. Yes, it is conventional wisdom and I have said this at other times in my blog too. Such wisdom is also applicable to someone who is investing based purely on fundamentals. For example, my decision not to add to my remaining long position in Healthway Medical was ...
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