I take a large position in a stock as many have seen. If it does not go to the uptrend I follow the trend down. Rarely do I short my entire holding. The holding I don’t sell is kind of a hedge it it goes the other way.
I’m reducing my average in every trade. For quite a number of sessions it has worked for me however even if I have to pay say an extra 5% of the holding I need to buy back to retain my holding, so be it.
Afterall the value of WHC is far more than what it is currently. So what's another 5% more that I pay if it’s worth say $12?
Mind you I have never paid more than an extra 0.5% to keep my original position.
Target $18.72, page-9837
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 (20min delay)
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Last
$7.31 |
Change
-0.400(5.19%) |
Mkt cap ! $6.103B | |||
| Open | High | Low | Value | Volume |
| $7.64 | $7.66 | $7.27 | $36.10M | 4.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 13945 | $7.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.31 | 14223 | 20 |
View Market Depth
| Last trade - 14.14pm 15/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |