RE: Top Up?23 Apr 2020 15:21
I too got burnt on my first investment which was SXX. Lesson learnt, never invest based on sentiment. But something else I learnt was averaging down can save you money. My step dad lost 90%, I lost about 67% thanks to averaging down and it was my good old da that got me to invest in SXX but he did not average down. Now I put my remaining funds into here and I did suggest my step dad put his 10% here to recoup his losses but once was enough for him.
So with that said TRX is in a different position than SXX even if it has a cash runway horizon looming. Namely it does not require billions and has revenue to speak of already with products very much in demand and proven (unlike Polyhalite regretfully) and with cash runway extensions there is more time than ever to get a good deal. Something I reckon our dear old friend Chris Fraser either monumentally screwed up by leaving too little time for a good deal or it really was a back room deal. But anyway.
Am I tempted to top up?
Absolutely as my average is 1.27 so I could drag that down a bit further at these levels and I am also confident that worse cause scenarios will see a buyout above my average so there is little downside potential but massive upside potential from my perspective. The main thing that holds my hand is this is already my most expensive holding out of 12 and I am a furloughed min wage part time pub worker.
Now I get paid in two weeks time and mentally I am allocating 200 notes for investment purposes. Will it be TRX? There is a good chance if it hovers around these levels but then again I could go for cheaper options for many, many more shares and meaningful average reductions (looking at you PREM, BOIL and UFO(me no cross ramp for they be cheap for high risk reasons)).
Or better yet the UK Gov't sees fit to give TRX a loan akin to the recent two before I get paid and I get priced out by a sustained uptrend in that time. Fingers crossed!
There's my two pence anyway.
Sign In
Follow the stocks
