Bonus chart!
This chart shows the average purchase price for GXY shares for the scenario of buying $1000 worth at the start of each month since Jan 2017. It also shows the GXY share price at the start of each month (except the last point which shows the Jan 17th data.
Interestingly, it illustrates that with such a buying strategy, one's current average purchase price would be just under $2 per share.
I like the recent convergence!
Second bonus chart:
Suppose in this scenario, one avoided buying at the higher prices and instead saved that money to put in at the lower prices....
This chart shows the effect of avoiding the $3.5+ shares (3 x $1000 purchases) and adding that money to the <$1 shares (3 x $2000 purchases).
This would reduce the average purchase price over the whole period from $1.97 to %1.75 (11%), and increase one's holding from 18815 shares to 21120 shares (12% more shares). Same total outlay; $37k.
Buy low = good !
