VPE 0.00% 41.5¢ victoria petroleum nl

A technique I've started following on some shares like these...

  1. 2,126 Posts.
    A technique I've started following on some shares like these ...

    With a largish holding, wait till there's a bit of a spike (not a trend) in the price, and sell off a fraction, making a capital loss, Then buy back in when the price retreats. This lowers the average price, admittedly at the expense of a capital loss.

    This will cost you if the price keeps rising - reduced profits. It will save a bit if the price keeps dropping, but that would be a disaster anyway.

    I've done this recently with INL and ENG, and a couple of times with VPE. Trouble with VPE is that the overall trend appears to be down, not flat! And no recent spikes worth mentioning ...
 
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