MFG 0.92% $9.85 magellan financial group limited

Valuation still looks convincing, page-82

  1. 940 Posts.
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    I wish you all the best though am not sure you're being totally transparent here.
    Matching this post with your recent post about reducing your average cost from $13 to $12, implies that your position prior to the buy and sell was about 11,500 shares @ $13. You then bought 10,000 @ $8.75 and later sold 10,000 @ $9.90. This would bring your average cost down from $13 to $12. You would also have realized a loss of $31,000 ($3.10 a share). So to make up for that loss you need the SP to go to $15.10 (without any more purchases and sales).

    With this approach you are trading a large proportion of your position each time.
    Last edited by ValueSearch: 05/01/23
 
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