Well I hope I have done the right thing. The only way out of this stock without a major loss was to average down. I have now averaged down to $0.083 cents. This is risky I know but if this sale does go through (Beatrice) I should at least get my money back. The other thing to think about is a takeover offer before the sale of beatrice goes through. If this was to occur they would offer a minimum 10 cents at least, probably more like 15 cents per share. In any case the NTA per share is considerably above $0.083 cents so I reckon it is a pretty good chance I will now recover all my monies.
A lot of investors just accept losses but if you have the money to buy more shares, averaging down is one way to get your monies back in full. I have done it many times and providing you have the cash and the patience and the stock is not a complete loss and their are assets that can be sold, then the idea normally works.
- Forums
- ASX - By Stock
- i just averaged down by buying 1m shares
Well I hope I have done the right thing. The only way out of...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online