Jet, I am in general agreement that what you have said is a good strategy. Timing the day to day movements is very difficult and there is an element of this in what I am doing.
While I agree in general terms, I will break with the strategy and sell half when I see a long period of under performance ahead - and make better use of the capital which I have done.
Now I know breaking with the strategy is a risk and so I rarely do it. Such strategies have worked for me most of the time but not always. At the moment it is working with ACR. If a sudden good news announcement comes then I will be down the drain even more - a risk.
It comes down to the end of last year when I did not believe the cash flow positive prediction and I was convinced the disaster of losing one of our distributors was not going to be easy to fix.
So in a sense I am gambling a little or a nicer way to put it is taking a calculated risk.
Providing ACR pulls through, sticking to the strategy is probably safer.
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.548M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 351996 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 358041 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 216996 | 0.016 |
4 | 945382 | 0.015 |
3 | 391428 | 0.014 |
3 | 389550 | 0.013 |
1 | 80000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 358041 | 1 |
0.018 | 475000 | 2 |
0.019 | 146993 | 2 |
0.020 | 847795 | 7 |
0.021 | 122699 | 1 |
Last trade - 16.21pm 08/08/2025 (20 minute delay) ? |
ACR (ASX) Chart |
Day chart unavailable