Wow. 2 bags in 2 months.
Took a bit more off the table in accordance to my strategy of getting to a free carry.
I buy shares in a company I think has prospects to go 2-3 times in the space of a few years, and I buy in multiples of 625 shares.
For each set of 625 shares I buy, I sell 125 when the price goes up 25% ($1.25 for a $1 reference); sell 100 when it goes up the next 25% ($1.56), sell another 80 when it rises another 25% ($1.95) and 64 when it hits the next 25% increment ($2.44). At that point I have 256 shares left and have recouped all my initial investment (before brokerage and CGT). Every sale reduces the average buy in price.
I have built a free carry in NST and FAR with this technique, and am on the way for CVN, LYC, and ARU.
Next sale for XTE is at $1.08, then I will be free carried. My average buy in is now down to about 28c.
Wow. 2 bags in 2 months.Took a bit more off the table in...
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Last
13.0¢ |
Change
-0.003(1.89%) |
Mkt cap ! $13.34M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $1.074K | 8.263K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 317994 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 27794 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| HCL (ASX) Chart |