As mentioned before it's a very tightly held stock - but that cuts both ways. Very low volumes can either sink it or rocket it. When it's moving around 50c whether you averaged in at 13c or 18c won't worry you at all IMHO. We all like to talk multiples, 3x, 5x or 10x. But it all comes back to the actual dollars you can bank. At the end of the day bragging rights are great, but I'd take the cash in preference every day.
My own average is just under 16c and have now just over 700K of them. I feel that is still a great price. If I want to average down I would have to buy a lot of shares to have much effect. And when the SP goes to 50c and I've made 34c, I'm not going to worry that I could have made 37c if only I got my average down.
My advice is you'll be very happy with your position by year's end. If you have the spare cash to grab a few cheapies, then go for it. But don't stress. AIMHO of course.
Add to My Watchlist
What is My Watchlist?