Ann: MGF Fund Update - February 2021, page-376

lol lets see what happens this week, Nasdaq has broken key levels and now looks very week. So I could be too early.

But here is the thing:

When I have conflicting emotions, I take multiple positions. I start with a small position from which I can dollar average downwards. But the key is that 1st position has to make some sought of sense. If one dollar averages from a high over valued position, then one still has significant risk with their capital (as the dollar averaging occurs even though the underlying assets are over valued).

I wanted $1.30, but thinking I might not get that price and having watched the share price (and the NTA over the last several weeks), I decided to take a 1st position. That way if the share price goes up I have at least a small position, and if it goes down, that 1st position won't destroy too much of my capital.

Does this make sense?
Sometimes hard to explain.