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.
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Last
$10.77 |
Change
0.080(0.75%) |
Mkt cap ! $18.55B |
Open | High | Low | Value | Volume |
$10.71 | $10.77 | $10.71 | $24.52M | 2.281M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8297 | $10.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.77 | 8847 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 10.730 |
2 | 3065 | 10.700 |
1 | 48 | 10.680 |
2 | 140 | 10.660 |
3 | 106 | 10.650 |
Price($) | Vol. | No. |
---|---|---|
10.780 | 50 | 1 |
10.790 | 505 | 2 |
10.800 | 4360 | 3 |
10.840 | 6301 | 2 |
10.850 | 8345 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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ORG (ASX) Chart |