martyburgo - many years ago I suggested a mate buy some shares in a company which I thought was highly undervalued at around $20. He agreed with the logic but wanted to buy when the shares went sub $20.
They never got below $20 and he never bought them. Needless to say, the share-price more than doubled over the course of the next two years.
I guess the lesson is that if you're convinced a stock is oversold and you're prepared to invest a few more dollars into it, it's worth considering doing so bit by bit rather than just splashing out in one big hit. I think technical term for this rather old-fashioned common-sense approach is called averaging-down. Of course if the stock hits its bottom and starts rising, what you're effectively doing then is "averaging up".
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martyburgo - many years ago I suggested a mate buy some shares...
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71 | 2834405 | 0.290 |
36 | 1251742 | 0.285 |
41 | 1934646 | 0.280 |
23 | 1525273 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 1707284 | 58 |
0.305 | 1877683 | 36 |
0.310 | 1353229 | 21 |
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