Advice on OGL

girihell · 1 Advice on OGL Mon Dec 26, 2011 9:03 pm

girihell

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Hi everyone
Im new to this forum and new to CSE,
I recently bought OGL (5000) shares averaging around 40, and since that day it went down drastically. It was my brokers idea he said that this might hit 60 in few days. Sad

now i know its a bad idea.
is it good to average this share or sell it at loss?
Thanks.

Hawk Eye · 2 Re: Advice on OGL Tue Dec 27, 2011 8:49 am

Hawk Eye

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No. Dont try to average with these type of shares. Its better earn from something else and set off the loss. The reason is you have bought it at a very high price, The OGL run is over for now, and averaging with the same will tie you up with capital for some time, if you target something active now chances are very high to earn something and get out of both.

smallville · 3 Re: Advice on OGL Tue Dec 27, 2011 5:32 pm

smallville

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I think if market goes up 200-300 points OGL can come to 40s again.. so dont avg-down but invest your money in another good counter..

girihell · 4 Re: Advice on OGL Tue Dec 27, 2011 5:43 pm

girihell

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thank you very much for the ideas.

if im looking for a medium term investment is it good to go with

RICH, PAP, FLCH, BLUE, TAJ, NTB

current prices of above shares seems reasonable