An Interesting Puzzle??.
An investor has been following the steadily falling price of Oil and when he believes it has reached rock bottom he buys 10,000 barrels at 70p a barrel.
Sadly for him the price continues to fall and reaches 50p a barrel, so what is his smart move:-
1) Sell ASAP and cut his losses.
2) Hang on and hope/wait for the price to recover.
3) Any other,--specify.
Sadly for him the price continues to fall and reaches 50p a barrel, so what is his smart move:-
1) Sell ASAP and cut his losses.
2) Hang on and hope/wait for the price to recover.
3) Any other,--specify.
