AGO 0.00% 4.5¢ atlas iron limited

news, page-17

  1. 1,566 Posts.
    Paulago, $2.02 is not that bad, but it does bring up a good point I would raise with you and others here, unless you are very certain you are near or at a bottom and that certainty can still be misplaced, believe me, I'm saying this because I learned the hard way, don't buy a huge quantity of shares in one hit. Save some of your powder for the often occurring 'gee it looked cheap, but it just got a whole lot cheaper' scenario. It 1. averages you down and 2. Gives you flexibility. Do this only with reasonable to excellent quality shares that have been beaten up. of course, you can get lucky and catch a major bottom, but that is rare. JMO/DYOR always. PS at least you did not average $3.91 like Schroders apparently did. I wonder if they had enough sense to hang on to some.
 
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