That is an odd way to buy into a single stock, imho, i.e. DCA. I thought that was for a broad market ETF deployed by the FIRE hipsters, and the gold bugs for long term fiat debasement/SHTF/LT saving cum insurance.
For a single stock which is based on trial progress, PS announcements, potential BP deals or buy outs, doesn't DCA assume certain sp appreciation over a long time which is hardly a given for a biotech which is still regarded as speculative?
What about the crazy SPP 5.6c period when it dropped to 4.2c, still DCA at 100 per week?
jimho.
p/s Fridays are usually my day of choice to possibly make an A$$ of myself.
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Last
5.0¢ |
Change
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Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 5.1¢ | 4.9¢ | $776.4K | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 6526158 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 1499998 | 1 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |