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
$10.32 |
Change
0.030(0.29%) |
Mkt cap ! $17.77B |
Open | High | Low | Value | Volume |
$10.29 | $10.44 | $10.25 | $33.49M | 3.239M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 32795 | $10.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.33 | 1188 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 32795 | 10.320 |
2 | 18211 | 10.310 |
3 | 18185 | 10.300 |
2 | 21376 | 10.290 |
1 | 196 | 10.250 |
Price($) | Vol. | No. |
---|---|---|
10.360 | 3088 | 1 |
10.370 | 12874 | 1 |
10.380 | 13628 | 2 |
10.390 | 13528 | 2 |
10.400 | 13844 | 2 |
Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
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