BMN 2.75% $3.18 bannerman energy ltd

As a rule of thumb I would not add to a losing position, unless...

  1. mja
    1,342 Posts.
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    As a rule of thumb I would not add to a losing position, unless trend has changed. Really need to wait for turn around, atleast wait until until 10 day EMA crosses the 20 day EMA. You won't pick the bottom with this strategy , but you won't find yourself buying into sinking ships (though I don't think BMN is a sinking ship). Patience if you like the L-T fundamentals you won't miss out on much of an uptrend if you bide your time.
 
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$3.18
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