You are correct, I am down a large amount of money but I haven't lost a ounce of sleep over it. In fact last week I purchased a further 100,000 BOE shares as I feel they were too cheap and may purchase more in the future depending on funds. I am prevented from buying more CXU shares due to the 20% rule so I purchased a further 5m CXU options over the last couple of weeks. The way I look at it is that my believe in the long term share price of BOE and CXU has not changed so I stay solid. If you let emotion rule your investment strategy then you need to find another investment because uranium is not for the faint of heart.
I learnt a less 2 years ago when I decided that Rolls Royce in the UK had finished the restructure and could only go up. Invest a bunch of money at 1.25 and over the next 6 months the share price dropped to 0.86. I was also making a large play in WDS so I sold the shares and moved the funds back to WDS which covered my loss and made me some more money. But I was taught a very solid less because the RR shares are now 4.70 pounds. The lesson was a good one, if you have a firm belief in the price at a future point in time then don't get confused by the noise.
Keep well.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.07M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $7.812K | 434.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 328 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 1000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 328 | 0.018 |
4 | 1278790 | 0.017 |
5 | 1132938 | 0.016 |
3 | 789000 | 0.015 |
5 | 210712 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 1000000 | 1 |
0.020 | 336842 | 2 |
0.021 | 401214 | 3 |
0.022 | 84728 | 2 |
0.023 | 144000 | 1 |
Last trade - 11.30am 20/08/2024 (20 minute delay) ? |
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