I reckon trading market sentiment makes a whole lot of sense, removing risk from the table, banking actual profits and then trading the pips in a company you don't mind getting stuck in.
As I said I sold a swag on Wednesday and can most likely buy some back next Monday at a 25% discount. I have the opportunity to increase my holding by 25% in one move based on market movement. If I miss I have banked close to 1000% profit and secured this and still have 1/2 my original holding in play.
If the market jumps it is based on the company holding less risk so buy in at a higher price, you miss a part of your rise. Not the end of the world.
CXO still has to build a mine and get it all to work, I reckon (am best guessing) they can do it and get this baby to .80 over the next 2 years. MC close to $2 Billion.
You can be both long term and savvy, they are not mutually exclusive.
Everyone is playing a game here, don't hate the players.
Stonks are the riskiest game in town, most people will have more success on Sportsbet. Unless you support The Bulldogs.
Love CXO the (almost a) mine that keeps on giving.
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Last
8.5¢ |
Change
-0.003(3.41%) |
Mkt cap ! $181.6M |
Open | High | Low | Value | Volume |
8.7¢ | 9.0¢ | 8.5¢ | $841.7K | 9.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1089881 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 316745 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1089881 | 0.085 |
10 | 524089 | 0.084 |
6 | 253705 | 0.083 |
9 | 319270 | 0.082 |
13 | 695060 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 316745 | 2 |
0.087 | 4300 | 1 |
0.088 | 462582 | 5 |
0.089 | 401416 | 3 |
0.090 | 405970 | 7 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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CXO (ASX) Chart |