Originally posted by Orabanda
I'd be cleaning up everything at 3.2 or less if I had the money. Which I don't. I have got set at slightly higher prices and am happy enough with my entry price.
The difference between 2.8 and 3.2 is only of relevance if you want to trade the pips. Ask BIT potential buyers at 2.0 / 2.1 before the SP ran to 44c about that!
If the price runs the difference is even more important. For example:
If I buy $25000 at 2.8c I get 892,000 shares. The price runs to 44c I now have $392,480 profit $367,480
but if I but $25000 at 3.2 I get 781,00 shares. At 44c that's $343,640 for a profit of $318,640
For me $73,840 better off is significant!
Okay is that happens I'm pretty happy either way, but entry price is really important at low prices.
