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Re: [sharechat] averaging down and ffs

From:	"Warner Lamb" <cloud9@i4free.co.nz>
Date:	Sat, 21 Oct 2000 18:41:55 +1300

Dereks example was very clear and shows that if you bought at 60c then it
may not be worth saving 11% to double your holding. Its worth remembering
that if you payed 80c like most people did the week before the drop that you
can average down by 20.2% which then looks more worthwhile.

5000x 80c = $4000
10000x 25c = $2500 (rights)

Total 15000 shares, ave 43.3c


5000x 80c = $4000
5000x 36c = $1800
20000x 25c = $5000 (rights)

Total 30000 shares, ave 36c

average down 7.3c overall or 20.2%

R
Warner


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