tomniccol,
I wouldn't want to influence you trading.
It really depends on the reasons why the shares were bought in the first place. If it was just because they were 'hot' and you decided to have a punt, or you truely believe the CAZ is undervalued based on this announcement.
I'm gathering that it was just a punt which has gone against you. If you consider you have a mistake then the best thing to do from a traders perspective is to cut your losses. Take any emotion out. Basic money management will keep your trading capital - i.e. Usually say a 10% stop losses.
Forget about the 65 cent purchase price as it's irrelivant to the market. The price closed at 52. Ask yourself the question "Whould I buy at 52?". If the answer is "No" then it's a sell for your situation.
You learn a lot more from your trading mistakes/losses than profits.
Anyway, I hope it goes well for you. Hopefully it will gap at the open for you. Best of luck.
advice for a newbie, page-9
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 (20min delay)
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.996M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $18.51K | 1.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7600972 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 264287 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CAZ (ASX) Chart |