I hear what you are saying, and it could possibly play out as you are thinking.
As I mentioned there were couple of reasons I had got out. One was I had bought initially average close to 25. After that I did something which I usually don't do. As I was writing every week, I was slowly bringing down my average by more buys and had got it just over 20+. Usually I don't like averaging down. So was overweight as well. Secondly the stock had risen from 16 to 27, close to 70% increase, on mostly technical reasons (in my belief, I could be wrong).
As I was down most of the time, maybe I got spooked as well, and got 50% off last week. I got out more yesterday, only from technical perspective. I follow certain trading patterns, and like most others, some I get right, others wrong. I will see where it settles. I will be the first to buy if I see a pattern that I am comfortable with. That day may not be far away. I feel its testing some levels now. Medium term I am still very hopeful that something good happens. Short term, I am not sure, hence my holding now is very small compared to few days back. But I could be wrong, and will not be surprised for it to make a good jump, even sometime this week. Lets hope it happens. All the best.
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Last
26.0¢ |
Change
-0.015(5.45%) |
Mkt cap ! $21.92M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.0¢ | $149.7K | 565.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 36869 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 26869 | 0.260 |
5 | 64021 | 0.255 |
5 | 81004 | 0.250 |
5 | 374644 | 0.245 |
3 | 72500 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 10000 | 1 |
0.270 | 16738 | 2 |
0.275 | 70000 | 1 |
0.280 | 97500 | 3 |
0.285 | 59393 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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SUM (ASX) Chart |