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Share Views Episode 4: Mid & Large Caps with Chris Bailey

Red Emperor Share Chat (RMP)

Share Price: 1.15Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Red Emperor
Spread: 0.00Spread as %: 0.00%Open: 1.15High: 0.00Low: 0.00Yesterday’s Close: 1.15

Share Discussion for Red Emperor

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Posts: 1,457
Off Topic
Opinion:No Opinion
25 Aug '15
Hopefully the Otto presentation next week will give us some clarity on Cinco.Is it still a possibility that Otto can afford to drill Cinco given the lower prices of rigs at the moment?
Posts: 830
Opinion:No Opinion
RE: Anyone
25 Aug '15
Yes you are right and it was pointed out to me by many but while I was ave down I believed that it may bounce but now I feel the only bounce this will do is south! Thank you
Posts: 178
Off Topic
Opinion:No Opinion
RE: Anyone
25 Aug '15
I really struggle with why some people invest in shares with little understanding, think about your statement for a while!
"Been ave down and got it down to a bit under 2 now, but thinking maybe I should sell this as I dont think a bounce will happen! Anyones thoughts with it"

Why would you pump more money in to a company to average down if you think a bounce will not occur? Averaging down is only recommended if you believe the SP is cheap and will rebound significantly! Otherwise yes your average is lower and it might look slightly better on paper but you are losing more money at the end of the day!

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