The CTG concession at 12 months is of more importance to me than trying to pick the exact bottom, which everyone knows, is very difficult.
So, while i hold the heads, for the upside tax concessions upside, the further downside risk is minimal, in comparison to upside.
But for additional investment, I've I have been accumulating oppies.
When this thing spuds, it's not going to be 50-60c, it'll be $5-6 IMO, and upside for xxx,xxxx BOPD.
If the heads bounce to $5-6? theres not much difference on the bottom line in whether you hold heads or oppies(less than 20%) but if you can pick up twice as many oppies, it's all the better.
SO if I were you, worrying about a 35c or a 30c entry, i'd just buy oppies at 20c!!!!!
Just how I see it.
Hope it helps
cheers
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held