Q: Good Day Team,
I am down 50% on LSPD at an average cost of 51CAD/share.
I figure if LSPD is sold today even at $30CAD/share, I would lose about 40% of the original investment which is about 2.25% of the total portfolio.
I can average down with enough funds to break even if the company is sold at $30 CAD. My hesitation is what if the company is NOT sold. I am sure the price will halve from where it is now. I am pretty sure you would hold and would suggest not to throw good money after bad.
Yet, I would like to ask for a high risk investor, would this be too risky a move?
Thanks as always!
I am down 50% on LSPD at an average cost of 51CAD/share.
I figure if LSPD is sold today even at $30CAD/share, I would lose about 40% of the original investment which is about 2.25% of the total portfolio.
I can average down with enough funds to break even if the company is sold at $30 CAD. My hesitation is what if the company is NOT sold. I am sure the price will halve from where it is now. I am pretty sure you would hold and would suggest not to throw good money after bad.
Yet, I would like to ask for a high risk investor, would this be too risky a move?
Thanks as always!