sparkly wrote:guru267 wrote:Getting ready to get a huge number at 8bob for a final average of 9.07bob....

After that I will stay away until 5bob if we get there that is!
@Guru why average down if you know the share is overpriced and is heading to 5bob? Why not wait at the bottom like the rest of the herd!
@Sparkly et al averaging down can be manipulated to be a successful strategy in the short term if executed with care and lots of capital...
The main reason I average down is because I do not own a crystal ball to be sure of future movements of a share price....
Market volatility can send this stock on a massive rebound anytime!
For those non believers here is an example...
If an investor bought:
1,000 HAFR @ 16
5,000 HAFR @ 12
18,000 HAFR @ 9.5
54,000 HAFR @ 8
This investor would have invested 679k and would be holding 78k HAFR shares giving and average of
8.70 bob with a market price of 8bob..

Mark 12:29
Deuteronomy 4:16