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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Last
$1.50 |
Change
-0.005(0.33%) |
Mkt cap ! $128.0M |
Open | High | Low | Value | Volume |
$1.51 | $1.51 | $1.50 | $20.6K | 13.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2271 | $1.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 1375 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2271 | 1.500 |
1 | 14000 | 1.490 |
1 | 440 | 1.485 |
2 | 10750 | 1.480 |
3 | 3188 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.505 | 1375 | 1 |
1.510 | 10789 | 1 |
1.530 | 370 | 1 |
1.535 | 3262 | 1 |
1.540 | 10000 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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