RE: A shout out to all those21 Apr 2021 16:54
Pearls words of warning to fellow Argo investors about averaging down don’t seem to apply to shares he owns strange that.
I bought the bulk of my holding in late October / early November time at prices from 11p - 13p. Whilst like many, I made the mistake of topping up last month at around 20p several times, I will not make that mistake again.
If I can pick these up for 11p - 13p again then bring it on. If the MM are silly enough to sell the stock down to this pricing level, then who am I to decline such a gifthorse?
I have now deliberately not bought again during this month and am waiting for month end. It's only next week so not much longer to go but I appreciate each day lasts forever if you are holding a big loss position. Averaging down at the end of the month should be a good idea for everyone, especially if you can hold the shares for a while - ideally until at least the AGM in June.