Half your luck Tui :) I got in in 2005 and my average buy price is around 27c. I was very tempted to average down at around the 13c mark but couldn't bring myself to do it, mainly because I was already very overwheight in VPE, and around 50% in the red (and other exercises in averaging down had burnt me)....
Although my holdings are small (less than 60,000 shares) they currently make up around 50% of my overall portfolios value. That is more to do with some very bad decisions prior to the GFC and holding on to everything and seeing them basically wiped out rather than because I initially had such a high percentage in VPE (it was originally around 20%). But none the less, when I say I will take some profits when ready, it is because I don't like having such a high percentage of my captial tied up in one stock, purely a risk management excercise and not because of any change in sentiment towards vpe which I see as having a bright future.... If I can time it correctly (based on charts) then I can potentially buy some back on a dip.
Ironically (considering my stance of not liking to be to exposed to any one stock) If I'd had 100% of my capital in VPE before the GFC, I'd probably be about 100K (or higher depending on what Price I'd bought the VPE shares at) better off ;) such is 20/20 hindsight. Basically before the GFC I was overall about 60% up on my portfoilio, and after around 60% down :(
Tony.
VPE Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
