I have been in many situations where I have averaged up i.e. no different to buying shares at 9c and adding more at 12c or missing at 9c and buying at 12c. If the share is worth more than 12c say 30c then an investment up until 22c is still highly intelligent.
The psychology of investing is very important here don't let a missed opportunity turn into another missed opportunity.
I try and focus on facts and undervalued shares as an undervalued share is undervalued regardless of its recent share price history. Which for all intensive purposes is irrelevant.
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