So if your fund manager gets you into an investment that required a $150,000 outlay and this investment now drops to $95,000-100,000 after 15-18 months and he/she tells you "let the value drop to $35,000-$40,000. Who really cares, great time to accumulate and bring the holding average down. The truth is, at some point what you are investing in will go up" ... I assume your response would be "oh terrific what an opportunity"?
This is the mindset that gets "long term" retail investors into trouble. Or should I say "long term fundamental driven" retail investors.
Personally I would love to see SVL at much higher prices as I have friends who hold this stock however stop losses are essential.
I hope SVL does not drop to the 4-5c however if Blackrock needs to offload on-market their remaining shares then this is a possibility. SVL will need funds soon as well so expect a capital raising to further dampen "buying enthusiasm" short term.
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $248.8M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.5¢ | $134.6K | 811.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 945217 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1839573 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 945217 | 0.165 |
20 | 1046553 | 0.160 |
22 | 1191157 | 0.155 |
47 | 2260853 | 0.150 |
19 | 1004076 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 1839573 | 27 |
0.175 | 1878617 | 18 |
0.180 | 1827803 | 20 |
0.185 | 830506 | 9 |
0.190 | 559109 | 14 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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