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To be clear, I didn't accumulate my large holding

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Post# of 4998
(Total Views: 906)
Posted On: 05/17/2017 10:49:48 PM
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Posted By: quick_wit
To be clear, I didn't accumulate my large holding by buying just .0002's and .0003's. I only sold on spikes, while accumulating,an amount sufficient to render what I held as free shares. Then on the dip I would buy making my total holding average down from my purchase price. This is different than buying low to average down what one holds. I'm certain you employ the strategy. After months of doing this, I had a significant holding that averaged a bit above .0002. Always quietly selling on spikes enough to have an ever increasing block of free > .0001 shares allowed me to always average down my purchase price on re-buys. I learned this strategy quietly following you for the past year or so. I bought a whole lot more .0004's than at any other price point. Next would be .0005's and then .0003's and then even some .0006's. The lesson I've learned is that it's possible to accumulate a large block of low average cost shares without buying low cost shares. Hats off to you, sir, from a 64 year old that isn't afraid to continue learning. Thanks!


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