@Jack1960 Thanks for the posts. As I understand your approach, each time you sell (high) you realize a loss and then buy (low) to lower your average cost, though outlaying the same amount on buy and sell. I think you said recently your average cost is now about $13. What is your realized loss per share? Won't you need a final sale price > average cost + abs(average loss) to be in profit?
Valuation still looks convincing, page-64
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Last
$9.98 |
Change
-0.260(2.54%) |
Mkt cap ! $1.775B | |||
| Open | High | Low | Value | Volume |
| $10.08 | $10.15 | $9.87 | $3.097M | 309.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2304 | $9.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.99 | 1453 | 18 |
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| Last trade - 15.27pm 08/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |