Malaga,
Your approach sounds great ... and although less potential gain, is minimises your risk and potential loss. Sometimes being too confident and greedy does result in losses.
I did at one stage consider whether I should sell some LOMOB when the price rose (Note:- The LOMOB had not been issued to us last time LOM rose to $0.60 cents) and then try a retain some funds and buy LOMOA when the LOM price came back down.
Using this approach, I could potentially (if I was lucky) get as many LOMOA options as I held LOMOB options ... with a longer expiry period and a lower exercise price ($0.20) ... and decided that this would be too risky, and if I could predict the movements / swings in the share prices ... I would be retired and a full time investor.
I decided against this approach on the basis that I do not think there will be much downside for the LOM share price moving forward ... I think it will be up, up and away based on what lies ahead (based on historical announcements), and hence did not want to kick myself later.
I suppose we all have different investment styles and risk tolerance levels.
Well done and best wishes,
Zippy1
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 155809 | 7.0¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 155809 | 0.070 |
2 | 260000 | 0.065 |
3 | 227722 | 0.064 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 157173 | 1 |
0.073 | 139658 | 1 |
0.076 | 85000 | 1 |
0.077 | 70000 | 1 |
0.080 | 100000 | 1 |
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