MAY 0.00% 2.0¢ melbana energy limited

Always ends well averaging down trying to catch a falling knife....

  1. 3,976 Posts.
    lightbulb Created with Sketch. 632
    Always ends well averaging down trying to catch a falling knife. A little unsure why you wouldn't wait for the dust to settle and save yourself 50% and hopefully by that stage management would have announced a clear path moving forward. At this stage all your doing throwing darts blindfolded hoping to hit the board. I don't see the benefits in buying when the share price is in a clear downtrend and management have not stepped in to reduce the selling with a clear path moving forward to create shareholders wealth. Good luck keep buying while it keeps falling,just generally is a more prudent method in creating wealth by waiting until the stock bottomed and is in a clear uptrend
 
watchlist Created with Sketch. Add MAY (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $67.40M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $37.57K 1.856M

Buyers (Bids)

No. Vol. Price($)
37 11509043 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1523856 5
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
MAY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.