Dollar Cost Averaging?
in response to
by
posted on
Sep 11, 2008 09:05AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
Hello all,
I am curious to ask if some of you would enlighten me as to how you go about dollar cost averaging into a company such as Tyhee?
Do you buy some every month no matter what the price? Do you wait until it falls a certain percentage? What if you only had a set amount to invest?
I started investing around .35/share with a plan to buy 50% of my initial position, then wait until it fell 25% from there, which I did, and bought the next 25% of my position at .28. My plan was to buy my last portion if it fell another 25%, which it has. The problem is I now see many of these juniors falling 10-20% a day for weeks on end...
Anyway I am not trying to pick the absolute bottom, just wondering what some of the strategies are you use.
Thanks,
Hysteria