Exactly @xmanrocks - risk vs reward makes no sense here, and the "smart money" (read: just deeper pockets than all of us combined!) is derisking as the market allows.
Why would I buy here with no potential upside for a BRL win, when the potential downside is very, very much material if they lose? If they win, I can buy in with certainty around fundamentals - if I stay out here, I have no downside risk.
Very good example of weighing up risk vs reward and why it should be in every savvy investors playbook at Chapter 2 or 3!
Is The Market Stupid...?, page-125
Add BRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
84.5¢ |
Change
0.040(4.97%) |
Mkt cap ! $161.6M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 84.5¢ | 81.5¢ | $12.86K | 15.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 264 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 6599 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BRL (ASX) Chart |