orchid, if I may ask...how many did you buy?
Even if you do not answer (read my post below) a quick 10% trade in this stock is not worthwhile if you have bought under min. 100K units. There is more certainty that some other stocks could bring 3-10% tomorrow.
Let's say you have bought 10K units in ELD and I have bought 10K units in BSL.
Your return is $450 and if BSL bounces back by 5 cents (today's drop) I would make approx. the same. Of course we are not talking the same capital/profit ratio but the profit is almost equivalent. Also, BSL is in a much better position than ELD.
Just an example.
panic = opportunity, page-30
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Last
$8.97 |
Change
0.110(1.24%) |
Mkt cap ! $1.417B | |||
| Open | High | Low | Value | Volume |
| $8.87 | $8.97 | $8.74 | $5.986M | 672.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 475 | $8.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.97 | 17762 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |