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
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $119.0M |
Open | High | Low | Value | Volume |
11.0¢ | 11.3¢ | 10.0¢ | $523.6K | 4.958M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 2133552 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 298136 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 2133552 | 0.100 |
3 | 206505 | 0.099 |
2 | 15102 | 0.098 |
1 | 50000 | 0.097 |
2 | 30207 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 298136 | 4 |
0.115 | 146568 | 6 |
0.120 | 293862 | 9 |
0.125 | 436800 | 8 |
0.130 | 207455 | 6 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
  |
Change
-0.005 ( 4.55 %) |
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Open | High | Low | Volume | ||
11.0¢ | 11.0¢ | 10.0¢ | 3161464 | ||
Last updated 15.57pm 24/05/2024 ? |
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