Originally Posted by
ADogsLife
I find it interesting many refer to their avg price per share. Personally, this has little bearing on the long term position I take to investing.
Having acquired a few nice bundles sub $.60 and then again up to the mid $.90's, as a return each have enjoyed exceptional returns in a relatively short timeframe. Over the past few weeks I have again been acquiring at prices between $1.40 and today at $1.31, and I concur with the older dogs on here (Beagle and others) regards their NAV analysis. This gap between news announcements and throwing a few darts I think your numbers are slightly on the conservative end of the spectrum, which is probably a good place to be.
My point; averaging the price suggests I could double my holding at over $2.00 ps and still average below current price. Should I? absolutely not. As and when each purchase is made, I analyse if this the right price to be acquiring here now today, not what I bought at last month or last year. This to me is important as a long term investor versus a trader.
Sure, OCA is proving itself to be boring as bat****. I'm ok with that.
Cin cin ragazzi.