We moved this up to a 2.4% stake yesterday, and due to the change in price it is down to a 2.1% stake, so we'll push it back up to 3.4%.
Similarly we are adding to AeroVironment (AVAV) down to $33 - from a 2.2% stake to 3.1%
As we mentioned the past few days, unlike the benign period we just came out of, my expectation is not to make quick gains on purchases, but be able to layer in as the market sells off (and take some short term losses potentially)
Long Life Partners Holdings, AeroVironment in fund and personal account
2 comments:
Hi Mark: I am a newbie to investing (and your blog - which I love!) so I apologize for my basic (stupid) questions. Anyhow, is what you did here called "down averaging"? I have few shares of Candian Oil companies and am thinking of averaging down today.
Regards,
serge.
I suppose it's called that
some stocks I exit when they break down but some I average down.
I would be comfortable with 6% type of stakes in these two stocks, so I am just building positions as they fall down. LPHI Just reported this week and I saw no issue and everything is on track - so this is just a stock falling with the market after holding up for 2 months. Gives me an opportunity to buy back shares I sold higher. ETC
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