Averaged Down on BTE.UN

13 May

Today, I decided to average down on BTE with another 100 shares @ $38.73…  That’s a $2.00 per share drop in a matter of three days.  Shitty deal for me, but sometimes, you need to have the bigger prospective.

The reason why I bought more shares. 1)  My trading cost is low.   2)  Attractive yield at 22 cent per share.  3)  Price of BTE is on sale.

This may take months before it recovers, but I have had several other stocks in similar situation that have turned out for the better.  Timing is of the essence.

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