You are correct, I am down a large amount of money but I haven't lost a ounce of sleep over it. In fact last week I purchased a further 100,000 BOE shares as I feel they were too cheap and may purchase more in the future depending on funds. I am prevented from buying more CXU shares due to the 20% rule so I purchased a further 5m CXU options over the last couple of weeks. The way I look at it is that my believe in the long term share price of BOE and CXU has not changed so I stay solid. If you let emotion rule your investment strategy then you need to find another investment because uranium is not for the faint of heart.
I learnt a less 2 years ago when I decided that Rolls Royce in the UK had finished the restructure and could only go up. Invest a bunch of money at 1.25 and over the next 6 months the share price dropped to 0.86. I was also making a large play in WDS so I sold the shares and moved the funds back to WDS which covered my loss and made me some more money. But I was taught a very solid less because the RR shares are now 4.70 pounds. The lesson was a good one, if you have a firm belief in the price at a future point in time then don't get confused by the noise.
Keep well.
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11 | 2514880 | 0.018 |
5 | 872777 | 0.017 |
6 | 1859312 | 0.016 |
6 | 1337597 | 0.015 |
Price($) | Vol. | No. |
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