RE:Averaging up?
Lost count of how much I've averaged up in the past couple months. Just last Friday I threw in a couple low ball bids in two different accounts and they both filled. Then yesterday the company released more significant news and I was all smiles.
Depending on your confidence level, risk tolerance and how long you want to hold act accordingly.
Nothting wrong with owning more shares. Throws off your initial average, but more shares = more money in pocket when you decide to cash out at a higher price later on.
Of course always be cautious and only invest money you are comfortable playing with. In otherwords, keep the day job... for now :)
Tryanotherday wrote: New investor here, have been playing in the market since March. Looking for some wisdom here. I saw the potential in PYR back at the .70 mark. I'm looking to add to it today which of course will start to average me up to around 1.2. (this is based on a marketing opening of 3.30)
I see the great potential in PYR in ALL divisions; the steel and conrete is huge alone.
Just currious for your thoughts, thanks in advance,