Agreed. One thing that I always ponder is about whether I should exit when stocks run up like this and wait for the inevitable pullback. This works great sometimes, but from multiples perspective you lose that potential to bag heavy. One could argue the re-entry could be done with a larger sum of money, however you would be re-entering on a higher value and therefore expose yourself to large downside risk.
What I like about topping up after it runs whenever it dips is that any money you lose is from your pot of money earned. That way if things go custard you don't lose any of your original money.
PPH Price at posting:
$7.08 Sentiment: Hold Disclosure: Held
