I also own czz, and that stock is now expensive too but at $15 it was reasonable trading on around 18-20x earnings. Everything has a price and even the good stocks so you should never be afraid to sell if price is too high. With these growth stocks there is a tendency that they will always keep going up (Yes i also own bal $1.40 entry price) but the reality is they don't and there is always an opportunity to buy things at reasonable prices as long as you're patient. In the case of BAL it was a matter of buy then ask questions later with incredible growth on offer. Now it's priced for perfection. As for OML I think it will have a breather and you will be able to buy below $3 again soon. These markets are very volatile.
AFR Stock picks 2015, page-11
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Last
$1.38 |
Change
0.020(1.48%) |
Mkt cap ! $740.8M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.41 | $1.37 | $3.127M | 2.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10757 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 10138 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OML (ASX) Chart |