Hi EB, I have been investing for 30 years in Asia and now...

Hi EB, I have been investing for 30 years in Asia and now Australia. This stage of the investing life cycle is always the most difficult. I have nibbling all the way down since 85c and have more than doubled my original position since my first entry in early 2016. I have not sold any. My average price has gone from 35c to 67c. Looking from the momentum, this may go down to the 50’s. As of today, the market price is below my average price.

In my earlier days, I would have cut by now on the pretext I have to preserve capital at all cost. I suspect Mr Invisible Hand is forcing the retailers to do the same. The lower the price is forced down, the more it triggers us retailers to cost loss, take back our money and preserve capital.

The hard decision for me going down to 50c is do I average down? After all, as the saying goes, prices can stay low longer than I can stay solvent. I will post again and share what my decision is if the price gets there. In the meantime, warmest regards to all.