So somebody tell me this is a bad idea:
I am in the hole $2/share (not actually concerned), buy in at $8.45avg and out of cash.
The yoyo sp this year is pretty rhythmic and we are close to the current low imo.
To free up cash, i could sell now, buy back in and trade the yo-yo pricing.
Even if i only made a dollar,it halves my loss and once sold, i would certainly be able to buy back in below $8.45 b4 the next MRE Ann in June.
Thoughts appreciated.
CHN chart, page-2889
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Last
$1.72 |
Change
0.093(5.69%) |
Mkt cap ! $661.3M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.73 | $1.66 | $3.044M | 1.786M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2563 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 25086 | 8 |
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| Last trade - 11.14am 17/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |