Good morning Maccar, I have only been in the market since March so I cannot give you advice based on years of battle worn experience.
But, for what it is worth, I am holding WPL hopefully for the long term- meaning until at least this stage of the oil cycle plays out and oil demand increases- perhaps in a few years. Once higher cost of production competitors are sorted out.
Regarding averaging down- I prefer not to. If you hold an equity that has fallen in value and you buy more- and it continues to fall- then in averaging down you may be turning a manageable loss into something that may endanger your lifestyle/portfolio balance/mental state etc.
I think it is better on many levels- if holding a loss- to research another equity- preferably in a different sector- and invest there- and preferably with money that you can afford to tie up or lose.
I hope that helps- happy for one of the old salts to contradict.
IMHO DYOR
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$24.95 |
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Mkt cap ! $47.37B |
Open | High | Low | Value | Volume |
$24.60 | $25.00 | $24.60 | $102.4M | 4.115M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 19113 | $24.94 |
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Price($) | Vol. | No. |
---|---|---|
$24.96 | 40 | 1 |
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No. | Vol. | Price($) |
---|---|---|
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2 | 801 | 24.930 |
2 | 190 | 24.920 |
1 | 200 | 24.910 |
2 | 93 | 24.900 |
Price($) | Vol. | No. |
---|---|---|
24.960 | 40 | 1 |
24.980 | 250 | 2 |
24.990 | 10935 | 4 |
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25.010 | 100 | 1 |
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