Your strategy is still better than mine. While you averaged down, I avaraged it UP!!! I started with PB2 when the SP was 10c, accumulated up, up and up. The last lot I purchased was at 19.5c (when the SP hit the top at 20.5c then retreated a bit). I foolishly held all of my holdings until it reached 9.5c at which I sold out for 60K loss.
That is not the end of the story however. I was back at 7.5c again when PB2 testing started. Another 20K was gone when I sold the lot at 4.8c.
All along, I was stubbornly following the positive tones in GDN’s announcements. I am still having a hard time explaining to my missus the reason dragging me back in the second time after a huge loss.
Ooopss, the latest announcement is talking about PB#3. In again?
GDN Price at posting:
9.2¢ Sentiment: Sell Disclosure: Not Held