GameOverBro :
um just sell... you are betting on it being profitable.. if by this year not then it's GG. better wait till it's profitable before seeing HOW MUCH profitable.
Macdonell J :
You ought to DCA into this stock in order to bring your average cost down. I entered it much earlier than you. My first 5% purchase was $12.08 back in Nov 29, 2021, then I DCA it another x% whenever the stock price drops from $9.43, $8.59, $7.14, $5.50, $3.80, $3.42, to $2.50, to $2.48. Recently I started buying when price started going up from $2.59, $2.88, and so on. In between, I've scaled down a few rounds whenever the stock had a huge run up. Now my avg cost is $2.97 at only 65% of my target value.
learning togrowthingOPMacdonell J:
wow this is super helpful dear friend. but may I ask, this means that you think that the stock will eventually go up? I realized if I DCA actually my nett losses will increase, thought might as well DCA into another stock that have much potential given that Grab is running on losses now
102312933 : I need to know how many shares to answer your question
Chris Ivan Ang : Do you have the capacity to average down?
Matthew the Dino : Depends on investment horizon
learning togrowthingOP 102312933: 100 :(
learning togrowthingOP Chris Ivan Ang: yes possible but I wonder if it is worthwhile and if it would help my current nett losses
TonyMan learning togrowthingOP: Never average into a loser.
102312933 learning togrowthingOP: if you have more capital, can consider avg down
grab when the gurus here say grab
GameOverBro : um just sell... you are betting on it being profitable.. if by this year not then it's GG. better wait till it's profitable before seeing HOW MUCH profitable.
now very doubtful if can profitable
Macdonell J : You ought to DCA into this stock in order to bring your average cost down. I entered it much earlier than you. My first 5% purchase was $12.08 back in Nov 29, 2021, then I DCA it another x% whenever the stock price drops from $9.43, $8.59, $7.14, $5.50, $3.80, $3.42, to $2.50, to $2.48. Recently I started buying when price started going up from $2.59, $2.88, and so on. In between, I've scaled down a few rounds whenever the stock had a huge run up. Now my avg cost is $2.97 at only 65% of my target value.
learning togrowthingOP Macdonell J: wow this is super helpful dear friend. but may I ask, this means that you think that the stock will eventually go up? I realized if I DCA actually my nett losses will increase, thought might as well DCA into another stock that have much potential given that Grab is running on losses now
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