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CDY Half-Yearly Analyses, page-127

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Dentie

3,411 Posts.

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09/09/20

19:26

Post #: 47217335
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Originally posted by bariscan90: ↑

I am increasing my chance of getting out sooner. I initially bought my first shares at 29.5 cents, later I bought more shares at 12 cents and averaged down my shares to 17 cents. Today I placed my third buy order and if it gets fully filled, I will have my shares averaged down at 14.5 cents. That is a decrease of 15 cents from my initial purchase price. I don't think Cellmid will be going back 29.5 cents soon, so why not average it down?

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I get your rationale and sentiment Bariscan and sincerely hope it all goes good for you (& all other "retail" punters for that matter).

I was just mentioning my view in respect to "averaging down" on a stock - any stock.

CDY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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