This is an easy thing to say.
I hate using this example, but it's almost like a person living through hell in Ukraine saying: "Time will tell when the war is over."
I don't think most normal human beings would want to remain in a war zone and let time pass, they'd want to avoid it at all costs. The stress and uncertainty would be too much.
It is this context I apply to Magellan.
How much money can you stand losing? Can you sleep at night full well knowing this stock, as it keeps on doing, plunges 10-30% on more bad news tomorrow? What does "over" look like? A de-listing? A fire-sale of MFG? A 99% capital loss?
Staying in this stock is more extreme than extreme sports IMO. Without any actual turnaround strategy and a reliance on accounting gimmicks to prop up the share price (which won't work), this stock is more extreme than extreme sports.
No thanks.
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Last
$9.22 |
Change
-0.220(2.33%) |
Mkt cap ! $1.666B |
Open | High | Low | Value | Volume |
$9.29 | $9.34 | $9.15 | $6.465M | 699.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2770 | $9.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.26 | 2770 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2770 | 9.190 |
3 | 8251 | 9.180 |
2 | 5182 | 9.170 |
3 | 5758 | 9.160 |
4 | 5117 | 9.150 |
Price($) | Vol. | No. |
---|---|---|
9.260 | 2770 | 1 |
9.270 | 2419 | 2 |
9.280 | 2770 | 1 |
9.290 | 2770 | 1 |
9.310 | 2770 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |