Well it definitely proves the case of averaging down. I bought...

  1. 12,926 Posts.
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    Well it definitely proves the case of averaging down. I bought my first parcel of PPX in 2006 at $4/share. It only ever went down, bought more for $2 in 2008 and then more at 34c in 2009. Then bought more in 2014 at 3.4c and then finally in 2015 and 2016 I bought stacks at 1.7c to 2.4c.
    I always thought it would result in a big loss, but at 7c I'll actually end up making 10%.
    Frankly I don't even remember why I bought it in the first place, it wasn't exactly one of my smartest decisions.
 
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