RE:When is a good time to buy?YoungInvestor91 wrote: I'm looking to buy this on the dip, somewhere around $51-54 CAD. Would this be a good buying opportunity? The SP never seems to go down on this one - maybe I should just bite the bullet and buy at $55.
Thoughts?
Absolutely $51-54 CAD would be a good buy. Especially on the lower end, but, the million dollar question is, will it ever get back there. Buying into a given stock and how to do it really depends to a certain degree on how long you plan to invest. If you are thinking this is a short term one to two year hold then yes, your purchase price is important. If you are planning on a long term hold then the purchase price has less significance. You can catch small dips ($0.50 to a buck) but I wouldn't wait for a large one. If they do another share issue, well, all bets are off as to at what price.
Cheers.