RE: Soon17 Apr 2020 09:28
Third attempt, would never be a maths teacher. Wish you could delete on here :-)
If you bought 1000 shares at 1p (£10) and and 1000 shares later at 2p (£20) your average is 1.5p with a holding worth £30.
If the share price was 1.5p you would still have your £30
If the share price dropped to .75 it would be worth £15
If it went to 3p it would be worth £60
I bought some shares at 3.5p (not a good decision) and have bought more sub 1p so when the share price is at 1.1p (fingers crossed) I will be at break even (whoooo)