If the stock drops another 10-20c then I'm in for sizeable deterioration in my capital, so it would make sense to offload now and repurchase later. The trend is very strong down. I hate taking losses, but I also hate losing more capital. It's just like the investors that keep "averaging down". It's not about your past decisions, it's what you do next that is important. I can admit when I get something wrong. It may just be a timing issue, but it still is an error in decision making.
Who knows, I could offload my stock and then miss the bounce.
I'm keen to see what the volume is like just after the opening. That will be a big indicator of things to come. NZ volumes are already close to 4m shares (and 8.7% down). That seems to suggest we are in for something similar.
A2 yearly turnover, page-21
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Last
$5.90 |
Change
-0.090(1.50%) |
Mkt cap ! $4.271B | |||
| Open | High | Low | Value | Volume |
| $5.96 | $5.97 | $5.86 | $19.03M | 3.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4800 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 29913 | 3 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |