Good morning Maccar, I have only been in the market since March so I cannot give you advice based on years of battle worn experience.
But, for what it is worth, I am holding WPL hopefully for the long term- meaning until at least this stage of the oil cycle plays out and oil demand increases- perhaps in a few years. Once higher cost of production competitors are sorted out.
Regarding averaging down- I prefer not to. If you hold an equity that has fallen in value and you buy more- and it continues to fall- then in averaging down you may be turning a manageable loss into something that may endanger your lifestyle/portfolio balance/mental state etc.
I think it is better on many levels- if holding a loss- to research another equity- preferably in a different sector- and invest there- and preferably with money that you can afford to tie up or lose.
I hope that helps- happy for one of the old salts to contradict.
IMHO DYOR
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Last
$29.52 |
Change
0.120(0.41%) |
Mkt cap ! $56.05B |
Open | High | Low | Value | Volume |
$29.58 | $29.72 | $29.48 | $105.3M | 3.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9584 | $29.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.53 | 8896 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9584 | 29.510 |
12 | 30017 | 29.500 |
3 | 38386 | 29.490 |
2 | 3668 | 29.480 |
1 | 3036 | 29.470 |
Price($) | Vol. | No. |
---|---|---|
29.530 | 5000 | 1 |
29.560 | 338 | 1 |
29.570 | 16605 | 1 |
29.590 | 3822 | 2 |
29.600 | 6457 | 4 |
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