If I have that sort of $$ lying around to ave $2 for 250k of shares is a big risky investment putting all in 1 basket. Averaging down is very high risk and take months or years to get back to break even. I dont think i can sleep at night knowing my $500k investment is only worth half of it. You must have lots of $ from SMSF or other inheritance.
I believe long term LNC will be good but right now to retest0.785c is dangerous. The trend is still down so more pain before turning around. I suspect around Aug/Sep when more news ref farmin and Umiat restart.
I have been trading LNC the last up and down trend. LNC is one of the most volatile stock on day traders'' radar, so easy to make a few beer $$ in a few mins time esp during opening.
If I have that sort of $$ lying around to ave $2 for 250k of...
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