The author has been averaging down a huge position over two years as the stock price has declined. The author states the stock "seems oversold," implying a belief that the price has fallen excessively and may be due for a rebound. The author's actions (averaging) and question imply a view that holding or buying more at current levels could be profitable on a potential recovery. The stock "keeps going down the hill," suggesting fundamental or market headwinds could persist, invalidating the oversold thesis and leading to further losses.
The author has been averaging down a huge position over two years as the stock price has declined. The author states the stock "seems oversold," implying a belief that the price has fallen excessively and may be due for a rebound. The author's actions (averaging) and question imply a view that holding or buying more at current levels could be profitable on a potential recovery. The stock "keeps going down the hill," suggesting fundamental or market headwinds could persist, invalidating the oversold thesis and leading to further losses.