MBower - yes, I'd like to know how a company can "work with the short side". What does this mean, and what are the implications for current holders?
PortfolioPlus -
I'm not planning on selling anytime soon! My main concern is that I won't have an option. ROC like so many companies at the moment are ripe for T/O action. Grossly undervalued, and a predator could come in and offer, say, 90c for ROC. That's 50% above current share price, and if the bid is successful, I'll be forced to take a loss.
There are others I'm holding in a similar position, and this is my biggest concern - even ahead of the potential margin call.
I used to get the Intelligent Investor. I decided to try one of the "independent newsletters", but I found they got it BADLY wrong so many times, I decided I was better off on my own. I looked at some of the other newsletters also, tracked their recommendations over 18 months or so - and ALL of them get it very badly wrong quite frequently. There was not a single source of "advice" that outperformed the market over those 18 months.
How can a professional advice newsletter have a "Strong Buy" on a company that drops 80% in the next 12 months? this was their ONLY "Strong Buy" at the time, so this is their standout best advice at the time. Anyone who followed their advice (not me, fortunately) would have been down 80%.
If my own musings are wrong, then I only have myself to blame. I can tolerate a certain level of "misses" by the professional advisors (e.g. "Strong Buy" that is flat for 12 months), but their hit/miss ratio is no better than a dartboard, really.
- Forums
- ASX - By Stock
- ROC
- looks cheap at 61
looks cheap at 61 , page-15
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ROC (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17464 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 26592 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17464 | 0.075 |
1 | 15000 | 0.066 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 26592 | 1 |
0.110 | 28571 | 1 |
0.115 | 100000 | 1 |
0.125 | 8325 | 1 |
0.135 | 29500 | 1 |
Last trade - 16.12pm 12/09/2024 (20 minute delay) ? |
Featured News
NEWS
First paediatric clinical site activated – major recruitment milestone and key appointment announced
NEWS
Biotech innovator secures $5.5M R&D tax incentive refund – major boost for cutting-edge programs
ROC (ASX) Chart |
Day chart unavailable