RE:RE:RE:RE:RE:Adding More Shares Question?I definately do not advise anyone to put all their eggs in one basket. I guess what I was trying to get across to you, was that im HEAVILY invested in this company. So I know your feelings of opening a position that is definately high risk. That said this is a very unique company with extreme potential or failure.
Yes it may be a mistake to own only one stock and everyone told me to diversify. Which is the smart safe way to play the market. Im only here because I always wanted a TEN bagger and this really is the only way for me to get one.
Id suggest to fire one third or half your bullets per trade. If share price goes down you cost average down if it goes up you cost average up. Safe way to play it and there will always be ups and downs in a bull market. You could also buy all the dips which is what most good traders do on a Secular BULL run.
No one really knows anything about share price, so sometimes you just have to go for it regardless of how many shares you are buying. Ill be honest here, if you went to a PAID financial advisor for advice this stock would never be recomended.
In fact I bet the advisor would laugh at you in his mind for suggesting this stock. But most financial advisors rarely get TEN baggers for their clients. The only way to get a ten bagger is in HIGH RISK stocks that you buy long before they look good.
I wish you the best again never listen to me or anyone else. In my mind I hope you make the right decision and it works for you. Remember CAPITAL LOSSES are your friend as well. And they can be carried forward for ever in Canada. So if PAT does poo the bed You will have Capital losses. So really who cares what happens if you only ever have 15 % of your portfolio in any FAILING company.
gasious wrote: Thanks BlameOG for your candid comments about your situation. Mine is quite different from yours as I retired last year and have limited pension income so could not risk having everything in one stock, especially one which could well blow up if things don't go well. You at least have a company producing a separate stream of earnings. My policy is to have a maximum of 15% of my portfolio in one stock which is still quite adventurous. PAT is about 8% at present even though I have taken profits from time-to-time. This is nicely up from what it was a few months ago and I expect will do well as we get into sales and define the production path by end 2018. Most of my PAT is presently in tradeable warrants which again will multiply the return. Thanks again and good luck.