PCL 4.17% 2.3¢ pancontinental energy nl

Hi Coop. I think purchasing to average down would be the only...

  1. 293 Posts.
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    Hi Coop.

    I think purchasing to average down would be the only reason to buy currently.

    Having said that, buying in at 1.5 cents to average down is only good if the share price one day eclipses 1.5 cents instead of going in the other direction.

    I bought 40% of my holding @ 5 cents (I pity the fool) and bought 60% @ 1.5 cents to average down.

    Still well under water!

    Best of luck. 5 cents is a fairytale at the moment, but if we can exist on life support through the oil price deflation, then who knows?
 
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