PRX 25.0% 0.3¢ prodigy gold nl

future of abu., page-49

  1. 1,669 Posts.
    lightbulb Created with Sketch. 237
    Cashincline

    ABU may be a poor investment but it is a "spec" stock, you can't compare it to investing in the banks which are "blue chip".

    It is recommended that all investors in the stock market have a "balanced" portfolio of stocks and a range of stocks to reduce the risks of making a loss.

    As a "spec" stock ABU has the potential for its sp to rise 300%+, but there is also a significant risk that it won't.

    For the banks to rise 300%+, you'll be waiting a long time, but you will receive a dividend and you can rest assured that you probably won't lose money in these stocks.

    Other "spec" stocks have outperformed ABU over the last 2 years, but there are others which have performed much worse. That is the nature of investing in a spec stock.

    Advisors will tell you that ABU should never be the main holding in a portfolio in terms of dollars invested. But the rewards may be huge if ABU's sp does take off!

    In my portfolio I receive dividends from my blue chip stocks, and I hold 2 other spec stocks for the short term.

    Spreading the risk and having some "rock solid" blue chip stocks keeps my portfolio in positive territory.

    But, I am very confident that ABU will do well in the long term and I am holding out for a sp of at least 7.5c+.

    Go ABU!

 
watchlist Created with Sketch. Add PRX (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $7.937M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $541 269.9K

Buyers (Bids)

No. Vol. Price($)
35 59600137 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 105207093 45
View Market Depth
Last trade - 15.59pm 15/11/2024 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.