This is an easy thing to say.
I hate using this example, but it's almost like a person living through hell in Ukraine saying: "Time will tell when the war is over."
I don't think most normal human beings would want to remain in a war zone and let time pass, they'd want to avoid it at all costs. The stress and uncertainty would be too much.
It is this context I apply to Magellan.
How much money can you stand losing? Can you sleep at night full well knowing this stock, as it keeps on doing, plunges 10-30% on more bad news tomorrow? What does "over" look like? A de-listing? A fire-sale of MFG? A 99% capital loss?
Staying in this stock is more extreme than extreme sports IMO. Without any actual turnaround strategy and a reliance on accounting gimmicks to prop up the share price (which won't work), this stock is more extreme than extreme sports.
No thanks.
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Last
$9.76 |
Change
-0.050(0.51%) |
Mkt cap ! $1.764B |
Open | High | Low | Value | Volume |
$9.63 | $9.77 | $9.63 | $2.785M | 286.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 928 | $9.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.77 | 2144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3000 | 9.700 |
1 | 2068 | 9.670 |
1 | 1000 | 9.640 |
1 | 1053 | 9.610 |
1 | 1000 | 9.560 |
Price($) | Vol. | No. |
---|---|---|
9.800 | 100 | 1 |
9.810 | 116 | 1 |
9.820 | 200 | 1 |
9.830 | 2003 | 2 |
9.840 | 1000 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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