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I get your rationale and sentiment Bariscan and sincerely hope...

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Dentie

3,272 Posts.

957

09/09/20

19:26

Post #: 47217335
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Originally posted by bariscan90: ↑

I am increasing my chance of getting out sooner. I initially bought my first shares at 29.5 cents, later I bought more shares at 12 cents and averaged down my shares to 17 cents. Today I placed my third buy order and if it gets fully filled, I will have my shares averaged down at 14.5 cents. That is a decrease of 15 cents from my initial purchase price. I don't think Cellmid will be going back 29.5 cents soon, so why not average it down?

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I get your rationale and sentiment Bariscan and sincerely hope it all goes good for you (& all other "retail" punters for that matter).

I was just mentioning my view in respect to "averaging down" on a stock - any stock.

CDY Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $4.152M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$474	51.61K

Buyers (Bids)

No.	Vol.	Price($)
4	1050922	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	935015	4

View Market Depth

No.	Vol.	Price($)
4	1050922	0.009
3	354395	0.008
3	960000	0.007
1	200000	0.006
2	400000	0.005

Price($)	Vol.	No.
0.010	935015	4
0.011	100000	1
0.012	390100	2
0.014	438077	1
0.019	260000	1

Last trade - 12.59pm 02/05/2024 (20 minute delay)

AN1 (ASX) Chart