Karasko - admire your guts and truely wished you were in better position today.
Sorry to be a wet blanket here but I disagree with your plan. You asked for peoples two bobs worth so:
Sell stock to meet the margin call - but dont stump up another 200k of money from friends and family you may not be able repay.
Are you investing? Then you would have shares in other sectors. You would have your wealth across different asset classes.
Are you trading? It looks like your just on a path of averaging down till you run out of money.
As I remember Goodman exited out of his margin loans last year. Maybe he didnt want to get caught in the position you are in right now. Is he rushing out to bet everything (house and family and friends money) that he is right and the market is wrong. Is anyone else?
I really hope your bet comes off - but consider the quality of the decisions you will make when everything is on the line. I know I have made some very crappy ones when I have had got in over my head.
Best of luck mate.
summary for the week - please reply, page-34
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Last
$32.53 |
Change
0.325(1.01%) |
Mkt cap ! $61.76B | |||
| Open | High | Low | Value | Volume |
| $32.60 | $32.81 | $32.32 | $15.69M | 482.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 658 | $32.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.53 | 465 | 3 |
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| Last trade - 10.56am 22/08/2024 (20 minute delay) ? |
| GMG (ASX) Chart |