Today when (MYGN) dipped down to $68.50 again I put in a buy at the original $69.24 buy point which was executed. My cost basis is now $70.20. It's a risky business averaging down, but stocks often come back to the buy point I don't mind getting some shares closer to the true buy point as long as the stock is moving in the right direction at the time I buy it. I also use a tight stop in that situation so I won't compound potential losses.
As a rule it's poor practice to ever make a second buy at a lower price than the first, and with the negative action of the market the past two days I may regret it. I've moved my stop up though so my risk exposure has increased only slightly.
-Geoff
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