Yes its all good news, but for the long term holders who accumulated large positions there are some bad things that they will need to adjust for:
The movement of the SP will no longer be in 1/5c or 1c, or 2c increments.
You will have to get used to larger and larger $ movements. (Please consult your doctor for your blood pressure)
Its going to be harder to hold during any correction because of the size of the $ movements in your account. The recommendation is to stop looking at the $ values and just look at the % (this should keep your blood pressure within range, and dismiss the eminent corrections)
As the SP has (and if not yet then will shortly) exceed your average buy price, you will notice that the daily movement will exceed your initial outlay.
For the sake of your health pleaseDon't look!! just look at the daily % gain.
2022 BRN Discussion, page-3515
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Last
21.0¢ |
Change
0.020(10.5%) |
Mkt cap ! $391.8M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 21.5¢ | 18.5¢ | $2.500M | 12.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31212 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 1654864 | 38 |
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| Last trade - 12.59pm 22/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |