Two good points there-
Averaging down can be a good tactic in the right circumstances.
You need to consider the size of your current holding and your portfolio size before 'doubling down'.
Aggressive 'doubling down' or 'going all in' or some such is what can really turbo charge a loss. Talk to anyone living under a bridge in a cardboard box and that is probably their back story. Perth City Council are clearing out AMP holders from under the Narrows Bridge to make room for APX holders as we speak.
But averaging down with appropriate risk management can work a treat.
IMHO DYOR
Ann: Perenti secures A$420 million of contract extensions, page-26
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Last
$1.04 |
Change
0.020(1.97%) |
Mkt cap ! $985.4M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.04 | $1.02 | $1.620M | 1.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9639 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 166166 | 12 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |