Precisely cafa.
Only way to get your avg holding price per share from $1.20 to 55c is to increase holding by a factor of 7 times as many shares as you did at $1.20 at 46 cents.
Anything above the 46 cent avg down price is much higher number when looking at how much risk is being multiplied to lower the price (IE if you bought at 51 cents you would need to by an additional 16 x your initial purchase at $1.20 to reduce your holding to avg 55 cents per share entry.
average down - lyc, can it work?, page-66
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Last
$6.40 |
Change
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Mkt cap ! $5.977B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.36 | $9.104M | 1.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 13912 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 22887 | 39 |
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| LYC (ASX) Chart |