Agree, I am always prepared to cut my losses - if the outlook for a business deteriorates.
It hasn't happened in the last 10 years but I only take positions when I am sure there are multiple safety margins - generally when people are depressed about a company and despondently selling as in the case of ORG. COVID caused a lot of formerly strong businesses to become weak, the wild speculation makes financial markets fragile today - things can change quickly and we must adapt!
Your point is well made never sell is a bad idea but for fundamentalists like me selling because the price has fallen is also not the way - I will buy regardless of the technical analysis because all that matters to me is price. The lower the better.
ORG is cheap - not wonderfully cheap but cheap, worth at least 2x today's price for patient long term investors.
News: ORG Origin Energy Revises FY21 Energy Markets Underlying EBITDA In Range Of $940-$1,020..., page-48
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.76 |
Change
0.340(3.26%) |
Mkt cap ! $18.53B | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.76 | $10.44 | $124.5M | 11.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260709 | $10.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 370883 | 11 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ORG (ASX) Chart |