Last March when Covid was crashing the market, our CEO was forced to sell down stock to meet a margin call. A move that I believe has been the main reason MWR/SPA's SP has not recovered along with other stocks and markets in general.
I too was subjected to a margin call early March. I had the choice of selling MWR and smashing the share price down or selling one other stock. With that choice I decided to stick with MWR as I have been in long enough to see a penny dreadful specie gold miner transmogrified into Dick Tracey's watchmaker. Whereas the other stock I had only held for a few of years and it was starting to look like a directors life style company.
Now for the sad bit.....
....... The stock I sold hit new highs today, some 7 bags on what I sold in March. This equates to many hundreds of thousands of dollars difference in my current portfolio value, a life changing number for me!
Moral of this story is one of the oldest adages out there. "Don't become emotionally evolved with a stock"
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $13.35M |
Open | High | Low | Value | Volume |
2.7¢ | 3.0¢ | 2.4¢ | $46.53K | 1.849M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 560000 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 289910 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 350000 | 0.025 |
1 | 237500 | 0.024 |
4 | 464800 | 0.022 |
3 | 527621 | 0.021 |
1 | 100000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.028 | 289910 | 1 |
0.029 | 150000 | 1 |
0.030 | 880000 | 1 |
0.040 | 228157 | 2 |
0.050 | 1000 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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SPA (ASX) Chart |