Anyone who says they successfully pick the top or bottom of a share price decline or rise is either lucky or a liar!
I like to make an initial, moderate sized (for me) purchase of a new stock, then anticipate it will fall further. Every 5-7 or so percent I make another *small* purchase. I've been doing this for a while with a large cap mining stock. No big bets. If there's a big price jump at least I haven't fully missed the boat. If the situation gets worse I see it as a positive because I'm nowhere near my planned maximum portfolio weighting.
I took this picture a few months ago and have bought more since this year. It's not BRI....
I try to capture some of the price fall over a period of months. I was buying into REITs, healthcare and this particular mining company all last year on pullbacks
Obviously not financial advice. This is just what I do. It makes me feel more in control of the situation than I probably am!!! Not a recommendation to buy BRI either. It's about 0.8% of my portfolio and my average price is $2.31. I'm very close to buying another small parcel and getting my average price under $2.00 without being anywhere near overexposed. I was burnt in 2008 and am probably too cautious now for my own good.
Good luck mate
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Mkt cap ! $116.0M |
Open | High | Low | Value | Volume |
$1.36 | $1.38 | $1.34 | $53.33K | 39.35K |
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No. | Vol. | Price($) |
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2 | 22000 | $1.33 |
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Price($) | Vol. | No. |
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$1.38 | 294 | 1 |
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No. | Vol. | Price($) |
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2 | 22000 | 1.330 |
2 | 2839 | 1.320 |
4 | 18279 | 1.310 |
1 | 7500 | 1.300 |
1 | 2000 | 1.290 |
Price($) | Vol. | No. |
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1.375 | 294 | 1 |
1.380 | 80350 | 1 |
1.470 | 26394 | 1 |
1.490 | 10000 | 1 |
1.500 | 5000 | 1 |
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