Well-- I had a vision -
- where I was stuck with a Parcel of shares , that I purchased in an attempt to make a Very Quick buck..
when the hype around the announcement didn't bring Instant wealth as I had hoped , I began to watch my Paper Losses appear , as the share price tumbled, to less then half of what I paid... .
I did some research, and realizing NO Speculative stock comes with a Guarantee of success and profit, -- noticed that the company had a Good Management Team, ( who had been successful in the Past.
They had a plan.
As Opportunities appeared - that could be Money Makers for the Company -- they picked out Two and again -- formed a Plan.
As the Plan developed and mile stones were reached - the speculative stock began to De-risk to a level where I felt more at ease.
The share price, continued to slump as SELLERs , who had Decided to Sell , for what ever their Individual reasons may be-- requirement of Funds elsewhere, time frame greater then originally expected, need for cash to Invest in other Opportunities, -- unplanned expenses, -- Mortgage increases due to Interest rates increasing -- who knows , but each has a right to Sell their own shares.
As I like the way the company is going , I decide to Double Down and accumulate MORE Shares at half my original Buy in price...
so I have now Doubled my Holdings at an average price of 75% of what I was More than Happy to pay -- when I first bought in.
I decide to hold now for take over.... Or if I do need the cash (for any reason in the future) I only NEED the share price to increase to 75% of my Original Buy in Price to break even.
SELLRS and what they are prepared to accept for their shares -- determine the Share Price..
Speculative Stocks are a Gamble.
Always have a strategy.
Gamble Responsibly - DYOR - NEVER invest more than You are prepared to Lose.
GLALTH
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $179.5M |
Open | High | Low | Value | Volume |
14.5¢ | 15.5¢ | 14.5¢ | $160.1K | 1.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1217631 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 305555 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9513 | 0.155 |
5 | 65851 | 0.150 |
11 | 1282920 | 0.145 |
24 | 1049352 | 0.140 |
15 | 1171925 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 9514 | 1 |
0.155 | 352055 | 8 |
0.160 | 413428 | 9 |
0.165 | 255000 | 4 |
0.170 | 322276 | 7 |
Last trade - 15.49pm 23/09/2024 (20 minute delay) ? |
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