15 years in the trading game and I too got burnt by this by:
1). Skimming the announcement, instead of putting my usual rigour/checks when I read and going back through the old announcements.
2). Just doing a quick check on M/Cap in relation to the cash in the bank and thought it was at an ok ratio.
3). Not quickly doing a background check on management and their historical performance.
4). Trying to trade the trade and got bluffed by the inflated buy side upon pre open.
Sitting on a nice paper loss and had to move other stocks around to now hold this dog. Not a good feeling and only myself to blame.
Ann: Bonanza 22% Copper, 1.1oz Palladium and High-Grade Nickel, page-75
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.937M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.483K | 1.741M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2062250 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6298509 | 5 |
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| Last trade - 14.02pm 15/08/2024 (20 minute delay) ? |
| GCM (ASX) Chart |