If you're underwater already that is a risky strategy.
What's the opening day upside on a positive ann. 12%? If you're underwater more than that you can still average down by buying AFTER the ann - on certainty. If you're underwater less than that, it's really not worth averaging down for if it exceeds your original plan on how much to invest here prior to approvals/commercial agreements given the risk.
That's how I see it anyways.
Time to buy MSB and ride the wave ?, page-5
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Last
$1.47 |
Change
-0.038(2.48%) |
Mkt cap ! $1.681B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.50 | $1.45 | $5.743M | 3.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 30483 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 2143 | 6 |
View Market Depth
| Last trade - 13.48pm 08/10/2024 (20 minute delay) ? |
| MSB (ASX) Chart |