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$6.13 orocobre limited

Catching the Falling Knife, page-2

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dyeman

1,993 Posts.

166

08/08/18

09:02

Post #: 34791612
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Originally posted by Tasharan ↑

I've got a good 12-15% of my RRSP already in ORE, but at these price levels I think I'm going to have to throw the tenet of diversification out the window a bit and probably double that position. The question I have for the board is where do you see solid support? How low can I let it fall before jumping in with both feet? I've always been a value investor rather than doing much technical analysis of charts, so I'm curious where the various support levels are.

Edit to add: Just FYI RRSP is a Canadian retirement savings plan. Similar to a 401K in the US I believe. Not sure the Australian equivalent.

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Closest Oz equivalent is Self-Managed Superannuation Fund (SMSF). I feel just the same abou my SMSF as you do about yours!

ORE Price at posting: $4.31 Sentiment: Buy Disclosure: Held
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