As much as most would like to see a perfect V shaped correction it'll be far from that clean and crisp.
I agree with you there.
So it all depends on your risk profile and time line for your investment.
Plenty of people invested at the highs so there'll be a lot of churn once the initial green shoots have sprouted.
That'll be across the board in all Lit companies, AGY included.
There'll be traders locking in quick profits, mid-term investors that have been forced into long-term holds just wanting money back.
And then you've got the LT guys with the the patience and foresight to wait for the big pay days.
Whether the bottom is in or we've got a little more time only more time will tell but the writing is on the wall for what will happen in the next wave - and it will be huge.
AGY has enough near term catalysts to get us to the next leg up and from there they can start working on the stuff that'll go towards the 'big pay day' items.
It seems management have done their job well having not released any of the big catalysts into a market in free fall - I'm sure some of that was out of their hands but I think much is by design as well.
I bought into the highs but have taken the opportunity to load up in the low in the cycle so I'm not too far from my average now and very happy with my investment prospects.
IMO none of us will see many opportunities in our lifetime like the one that is in front of us right now.
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Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $58.23M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $44.44K | 1.085M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1432055 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 16860 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1431305 | 0.040 |
12 | 3313761 | 0.039 |
15 | 806270 | 0.038 |
10 | 916018 | 0.037 |
5 | 477360 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 16860 | 1 |
0.042 | 127034 | 1 |
0.043 | 120000 | 1 |
0.044 | 357711 | 2 |
0.045 | 108139 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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AGY (ASX) Chart |