RE: Buy or hold (average price 474p)27 Jul 2021 12:49
Hi Koyewole,
You've made a very good question. I'm at £4.58 or 22.89p old Pmo price. IMO, if you have some spare cash that you don't need access to it later on, then I would strongly suggest that you try to average down increasing either your profits on the way up or break even at an earlier opportunity as averaging down brings you closer to a chance if it's in your plan to exit your Harbour Energy investment. I've done averaging down before just to exit a position that I had initially bought in too soon and still walked with some profit too. Sometimes, we change our expectations due to the long road that it is ahead of our investment and don't want to wait anymore. Moreover, this has also backfired on me when a share that I exited at breakeven and than continued much further up missing out huge profits. Nevertheless, it's best to do what your cash pot allowing for some emergency money on the side just in case you need it for whatever reason like a funeral expense, car issues, family maintenance money, ect. ect.
Finally, we need to remember that when we buy hbr shares do it with the old Pmo price settings in mind as that what the MM's and Institutional investors would probably do. The current hbr share price is at around 14p old price which I would had never thought we would be seeing again but unfortunately we are like or not.
You decide. NoFear(*__*). Good luck