RE: Dilemma1 Jan 2021 12:33
Hi Garry,
Just my Opinion as i am an amateur investor.
I have a quite bleak investment strategy which I try and keep too, and it sounds simple but is not as simple as it first sounds. I aim to buy selective growth company's at one or two year lows, and hold them...company's that look fantastic prospects but have not delivered for some reason , or delayed etc etc . Basically it follows the old ( risk averse) toss a coin analogy...(heads I win big, tails i loose only a little) l have also been invested in and out of KMK for the past three years plus. I suggest you look at the three year chart, and observe the year lows and what happens after each Y/L, noting the subsequent year high.
Every share, time period is different and so no guarantees..plus the covid situation may effect years performance going forward ...we do not know BUT, if you were thinking of averaging down then NOW seems the best time to do it, as just off its lows ....and hold for a further six months and then re-assess, but make sure you put a stop loss, below years low....and stick to it...getting stopped out is inconvenient but you can always buy back in if the SP reverses..I don't use stops on all my shares as MMs sometimes go on a stop loss hunt ......if SP rises then trail the stop.
If we get a good flow of news over next few weeks months then i think the sp will be off, and from memory this May 21 is a significant month relating to the US / covid detection / environmental surveillance technology....but could be earlier.
maximise your reward and minimalism your risk....GL