Hey chiggles, I wish my position was only 2%... But I guess I am...

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Whatsamadoovie

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14/12/15

21:08

Post #: 16612435
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Originally posted by chiggles ↑

Thanks. I've been investing (and day trading) for 15 years. I learned many of hard lessons along the way, particularly in my first few years investing.

I'm not trying to pick a bottom though. I saw value in BKN at $1 and took a small partial core position. I added small at $0.70ish and had/have every intention of adding more, either higher or lower.

I constantly add to my positions, I trade around my positions and I scale out/partial sell out of positions, higher or lower.

Bottom line though is that there is a BIG difference between averaging down while using margin and tying up all your capital, and averaging into a position which is relatively small (2% of your total capital).

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Hey chiggles, I wish my position was only 2%... But I guess I am in for the long haul. And you with your 15 years experience, preaching good qualities of
Bradken I feel a little more assured that there Is a way out of this hole for Bradken..

Between you and frank, you could be the Bradken cheer squad..hehe..

Am curious why Bradken has tanked today.. Is it just the volatility in the U.S. And raising of interest rates (probably).. Or the conclusion of climate talks and agreement to be less dependant on fossil fuels and therefore less dependent on
Mining.. Or a combination of the 2...

BKN Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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