Here’s a falling knife:
AGL was last at present prices back in 1997.
Here’s a chart where averaging down might apply:
The simple and clear difference between the two is that AGL has a trending series of lower lows, while EVN has a trend of higher lows.
AGL presently has no redeeming features, while EVN has a pipeline of profitable projects over and above its currently successful operations.
The chances of getting hurt by a falling knife outweigh the odds of success. Best to wait until it has bottomed, and afterwards see if there’s a good reason to want to pick it up.
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