The best car company available to invest in. The only problem is to decide when it is time to get in. It may well gow down a lot from now on, but this thing is and will be more of a real value bargain if it drops. I first entered at 32.47 for a minor amount this summer, and as it goes down I would increasingly buy more shares while being watchful of the fundamentals to be sure it stays on the track to avoid major losses or debt increases. The exponential move would work well on this one, see this example:
100 sharest at 30 $
200 at 20
400 at 15
800 at 10
1600 at 5... I think it will not go at 5.
This move is my best to try to call a bottom without having to call it, the only danger is that it must be made on a viable company with good long term prospects. Honda is one. I tough AIB was one too, time will tell if I did good with this kind of exponential downward cost average move.
Honda continues to make good reliable and cost effective vehicles that last for a long time. They happen to be one of only a few car manufacturers who is not suffering the economy problems and still manages to keep sales up.
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100 sharest at 30 $
200 at 20
400 at 15
800 at 10
1600 at 5... I think it will not go at 5.
This move is my best to try to call a bottom without having to call it, the only danger is that it must be made on a viable company with good long term prospects. Honda is one. I tough AIB was one too, time will tell if I did good with this kind of exponential downward cost average move.
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