A few months ago there were so many posts on social media blaming MGT for not delivering and calling it p&d. I believe some of them sold out as well. Now, you can see some posts coming up about how people bought low and sold way too early....
I agree, there is an emotional/psychological barrier. Some people are happy with 100% gains. Some say don't be greedy.
But then again, it is not an easy task to take that 100% gains to put on another stock that will do the same. Easier to find a good stock and ride the waves.
I remember years ago (in 2011 or 2012) when Dominos pizza was trading for around $7, I bought $20k worth. I sold a couple of years after for a nice profit. Made about 170% or so on it. Thought I was smart. Well, it is trading at $95 a share now. I sold out just before the massive run in 2015-'16. Though I made a profit, it still bugs me. Some would say - well you made a profit, can't get greedy etc. But, I did not need that money then. All I had to do was - nothing. Just hold and wait.
But yes BT, I agree completely with you regarding the psychological aspect of making a tidy profit and pressing that sell button.
I have learnt from my mistake. Not intending to make it again. When the fundamentals are strong, I know I should hold.
I'll have some whiskey, neat. Thanks.
MGT share price, page-3175
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Last
27.0¢ |
Change
-0.044(14.0%) |
Mkt cap ! $26.57M |
Open | High | Low | Value | Volume |
31.0¢ | 31.0¢ | 27.0¢ | $84.40K | 295.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1199 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 19396 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1199 | 0.270 |
1 | 3500 | 0.265 |
2 | 12246 | 0.260 |
1 | 2600 | 0.255 |
4 | 50000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 19396 | 1 |
0.280 | 85595 | 1 |
0.295 | 200000 | 1 |
0.300 | 13248 | 3 |
0.310 | 5694 | 2 |
Last trade - 15.41pm 24/06/2024 (20 minute delay) ? |
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MGT (ASX) Chart |