PTT ! Good one.
Good that you are doing it in IOB !
Once upon a time I , on the advise of Chairman of a company my FIL bought the shares at Rs.58/- The company was delisted for valid reason that it created two separate entities and gave their shares to the existing share holders. The FV of the current Shares was reduced. It was relisted at ~48/- ! He averaged . He bought more at 23 and then at 18 and finally at 7/- He was about to hit a jackpot as stock was sure to hit life time high soon and with added benefit of listing of shares of other two companies! They were listed too. The 3 shares together are available at below Rupee 1/- ! He got a life time lesson but a very costly one at that ! So its good that its IOB you are averaging ! I will be out of IOB the day they close below 57.00
No averaging for me !