RE: Managed to get in sub 60p12 Nov 2024 10:49
Gruyere
Thank for that. Holding my hands up here just for you. Harl - busted. First one that did not work out.
Re WG. add and trim, yes of course the following is true.
Each investment is a risk.
It is hard to time a bottom.
My strategy is tranches - add and trim, increasing in size the further the fall. (snooker -racking).
I will report back when the current malaise here ends with the revised improvement in my WG position or otherwise.
You can make money in shares like WG. in both directions by improving your average cost. eg trimming out above £2 etc and rebuying back at 118 a while back and trimming those positions on spikes tumbled the average cost. Entry and exit is key.
Ended up with a holding of WG. with a high negative average cost.
This has been a buffer in the recent drop to allow purchases while still maintaining a low average cost.
Yes thought that the sub £1 and 80p buys were a good idea, short term pain etc, buffered by my free holding
A profitable trade during a dead cat bounce also helped.
Further rebuys at 50p 46p and low 50s yes seemed reckless perhaps to others but in hindsight seems to have worked out. Again trimmed these.
I would have thought that great Oracles like you, ge0rge and Stupmy would be able to realise that all the above did happen and accept that in good faith.
Always be kind to others who are kind to you.
Final note on WG. - I expect a recovery well in excess of the 62p we are now at. The SP may fall further or rise and I will add and trim according to my consideration on the day.
My trading strategy is to lower average cost of holding by adding and trimming so that I end up with a free shareholding + profit.
Let's respect others and leave it there. I have posted what I do many times so cheap shots are unnecessary.
DYOR and never a recommendation.
Mx
Sign In
Follow the stocks
