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Macquarie Infrastructure Corporation Message Board

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  • wareham2620 wareham2620 Feb 9, 2011 12:40 PM Flag

    anyone still here from when MIC was selling in the .80's

    I still have 114 shares @ $44.13

    I've held from the top, so I'm not to bright.

    Best of luck to all,

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    • Nothing wrong with inital purchases at higher levels. However, if you believe in the story, averaging down could a good idea (some think its throwing good money after bad, it it depends on the stock/company).

      I nibble in and nibble out just incase this situaiton happens. I first bought at $20, and sold those for a paper loss when share prices got to my much lower avg cost.

      More times than not, averaging down and trading out of the higher shares has worked for me.

      just how I manage money

 
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55.58+2.69(+5.09%)Feb 12 4:01 PMEST