Hi All,
For all those who are crying,tearing their hair out,arguing with their wives,husbands or significant other PLEASE DO NOT PANIC and make decisions in haste.
These market conditions are being MANIPULATED big time to force you out of your shares.
If you believe in the fundamentals of the stock based on your analysis then what has changed, only the share price. You only LOSE money when you SELL at a lower price than you bought in at.
1 quote " in the short run the stock market is a voting machine in the long run it is a weighing machine"
I take this saying to mean that the Share price of any stock reflects the market sentiment towards that specific stock as well as general market conditions. That is some stocks may have specific issues, profit downgrades, poor management etc indicating that they are "broken companies" and their SP is downgraded by the markets. However in the long term (many years) the SP of a stock is driven by the growth and earnings of the company.
Well managed,growing and profitable companies exhibit increasing earnings per share year on year and consequently a rising SP. They reward their longstanding shareholders with both capital growth and increasing dividends over time.
Please reconsider the placement of automatic stop losses.
Remember brokers make money when you trade in and out irrespective of whether your trade is at a profit or a loss.
regards
jukieoz836
- Forums
- ASX - By Stock
- LYC
- everyone calm down
everyone calm down
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.67 |
Change
-0.020(0.26%) |
Mkt cap ! $7.169B |
Open | High | Low | Value | Volume |
$7.72 | $7.94 | $7.50 | $23.53M | 3.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $7.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.68 | 16724 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 7.650 |
1 | 3000 | 7.610 |
1 | 10374 | 7.580 |
1 | 10374 | 7.570 |
2 | 13374 | 7.560 |
Price($) | Vol. | No. |
---|---|---|
7.680 | 16724 | 2 |
7.690 | 10374 | 1 |
7.750 | 750 | 1 |
7.800 | 2156 | 2 |
7.810 | 405 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |