Yeah, I hopped out in July at $4.37. I didn't like how things were trending. This lowering share price adds to managements difficulties and to existing shareholders angst.
However, in the spirit of turning lemons into lemonade, the likes of UBS shorting does provide the opportunity to obtain shares at a lower price.
Longterm it will provide a firmer base for share price appreciation and dividends for an attractive price. The big question is how low will it go?
I'm not a proctologist, I don't pick bottoms. I would rather pay a bit of a premium from a bottom on an upward trend than try to buy in on a guess that it's the bottom. This volatile macro environment really makes it hard to read the tealeaves.
Challenger a buy at these prices, page-9
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Last
$6.89 |
Change
0.020(0.29%) |
Mkt cap ! $4.761B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.99 | $6.88 | $7.286M | 1.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1818 | $6.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.90 | 13335 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CGF (ASX) Chart |