Daz, I've done well on plenty. The occasional dog stock I can time when to bail out in June, claim the capital loss. Always advantages to reduce an already high tax bill... Though using the same consistent strategy, in one folio of about 18 stocks I've only got one in the deep red (60% down), two just shy of even, but plenty strong constant gainers.. It's a trend I've seen many times, stick to the conviction of research, timing a bit in (some times potentially to early, like perhaps in this instance) Though it doesn't mater too much as most shares I hold for 4-5 years if not longer.. I'm not bothered if they trade sideways for a while, as I consider my funds now in ABR as deployed. I'm already locked in, freed up other funds recently post dividend at $124 from RIO which I rode up from $38 or something with plenty of reinvested dividends along the way already pursuing the next gem. That's what excites me, finding a gem, but seeing if research or conviction was correct. Though I spread my risk by diversifying along the way.. And to answer your question, if I've bought cheap, and they run. I don't buy in more. I let them run. Z1P as an example, in at $1.10, cost average now $1.38 it ran to $14 at one stage.. sideways not at $7ish, But I've just maintained a steady steady hold, as I still see a future in it... Haven't even peeled any gains off it, enjoying the ride instead. I get more annoyed about jumping into late, DUB was on my watch list from $0.44 but of the three I was watching, plumped into a dog (the 60% down, which I'll maintain a long term hold) Still have a conviction on it so have brought in at $2.90 recently. If it goes down more I'll buy in. Plenty of companies that we've all missed or cut loose too early.. HUB was in for ages, then cut it loose at $2.05 (saw a decent gain, but too long sideways). Then look what happened, missed the ride.. Been doing it for long enough that it doesn't stress me, learnt rookie lessons along the way. I actually enjoy it and find it (the research) immensely relaxing..
ABR Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
