My initial stake was bought at 44.5c, so it's at 125% same as you. However, I tripled-down at 59c (HERE) after Shandong's first bid of 60c, because it became risk-free. So these additional two stakes are at 70% and have never had any risk.
Depends on the stock with specs. Most I straight-trade. SBR I will offload as a straight-trade. OAR I am now free-carrying 1/3 of my initial parcel - so I have my original stake, +100% profit + a tidy parcel of shares which I think are worth the punt on good drill-results.
Well, looky what we have here. Every order under $1.12 pulled after close. There are virtually no sellers left. This is a sure sign of something better coming. .
I’ve sold my stake in CDV. My objectives have been achieved, I’ll leave others to take some profit. will probably use some of the profit on buying a stock I intend to hold long term that has been smashed because of world events and hasn’t recovered so I’m going to double-down on it. Will substantially reduce my DCA.
Phoslock Environmental Technologies. Its share price has been obliterated this year what with Covid and the floods in China. I averaged just over $1 per share as I bought in about July last year before it's high of 1.40 odd (with another tranche in December I think at about 0.73) but since then I've had my arse handed to me on a plate. Fortunately about half of the shares I own in PET were financed through profit taking a nice little earner last year so it's not as bad as it looked on paper. I bought more today at 0.23c so I've now got my average share price down to just over 0.50c/share which in light of the history of the share price and the potential demand for the technology as a solution to cleaning polluted waterways offers me some hope of making a profit. I don't normally double-down, I normally just dump and cut my losses. And cry for a little bit. Then have a scotch or bourbon. It is a planned long-term hold for me. Hopefully things will turn around. From Tradingview: Sorry that it's not gold related and a bit OT.
That’s what a mate I have that is also in the stock believes. Care to elaborate I’d be keen to hear your thoughts. Edit to add: just read its an auditing issue. Lovely.
Cheers mate. That's life. If it all folds up and implodes then it's money lost that I fortunately can afford. I only buy shares with my spare cash. Which isn't much mind you as I'm a minnow.
