Well-- I had a vision -
- where I was stuck with a Parcel of shares , that I purchased in an attempt to make a Very Quick buck..
when the hype around the announcement didn't bring Instant wealth as I had hoped , I began to watch my Paper Losses appear , as the share price tumbled, to less then half of what I paid... .
I did some research, and realizing NO Speculative stock comes with a Guarantee of success and profit, -- noticed that the company had a Good Management Team, ( who had been successful in the Past.
They had a plan.
As Opportunities appeared - that could be Money Makers for the Company -- they picked out Two and again -- formed a Plan.
As the Plan developed and mile stones were reached - the speculative stock began to De-risk to a level where I felt more at ease.
The share price, continued to slump as SELLERs , who had Decided to Sell , for what ever their Individual reasons may be-- requirement of Funds elsewhere, time frame greater then originally expected, need for cash to Invest in other Opportunities, -- unplanned expenses, -- Mortgage increases due to Interest rates increasing -- who knows , but each has a right to Sell their own shares.
As I like the way the company is going , I decide to Double Down and accumulate MORE Shares at half my original Buy in price...
so I have now Doubled my Holdings at an average price of 75% of what I was More than Happy to pay -- when I first bought in.
I decide to hold now for take over.... Or if I do need the cash (for any reason in the future) I only NEED the share price to increase to 75% of my Original Buy in Price to break even.
SELLRS and what they are prepared to accept for their shares -- determine the Share Price..
Speculative Stocks are a Gamble.
Always have a strategy.
Gamble Responsibly - DYOR - NEVER invest more than You are prepared to Lose.
GLALTH
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Last
12.0¢ |
Change
0.020(20.0%) |
Mkt cap ! $136.0M |
Open | High | Low | Value | Volume |
10.5¢ | 12.0¢ | 10.5¢ | $191.0K | 1.709M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 175000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 868451 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 175000 | 0.115 |
4 | 444090 | 0.110 |
6 | 189179 | 0.105 |
12 | 610362 | 0.100 |
1 | 95200 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 868451 | 9 |
0.125 | 123333 | 3 |
0.130 | 104954 | 3 |
0.135 | 57000 | 2 |
0.140 | 186750 | 6 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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EXR (ASX) Chart |