Chilston strategy26 Feb 2019 23:04
I will keep buying weekly now as long as I see downward pressure.
This will be erratic patterns. All based on what I see on the sellers behaviour.
I estimate an rns mid to late march... Meaning I have plenty of time to keep averaging down.
Investor confidence will continue to drop. Negativity here will aid that as well.
By mid march to Late march, pending no rns.... I will have reduced my average to around 10p. I'm currently bang on nav.
A couple of things may change this basic strategy, next couple of weeks will influence my decision on that. May keep some in reserve if no rns by mid march and then see where the sp is.
If we don't get an rns mid march I believe we will be at 8.6 ish