It has been interesting reading all the posts from value investors and those that follow Roger Montgomery as the price fell from over $9 to below $3. There were all the usual contrarian claims "I own the stock and I'm so happy the price is falling as I will be able to buy more... keep pushing it down people!". I wonder how they'd feel now. I don't care how much of a value investor you claim to be, you cannot be happy watching your holding drop by more than half. What is worse is that all along the market was right - the company is not what it appeared to be. It's not like you can say it's just "mr. market" being silly. The price falls have since been justified by the news that has come out
It has been interesting reading all the posts from value...
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $78.33M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 35.0¢ | $52.15K | 147.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19523 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 28020 | 1 |
View Market Depth
| Last trade - 15.57pm 07/10/2024 (20 minute delay) ? |
| MCE (ASX) Chart |