Yes your scenario is quite possible.
But when I take a position I look not only on the potential return on that position, but the return of my position (ie I don't like losses).
So I prefer only accepting those 'pitches' whereby I have a high degree of probability of not just getting my capital back but also generating a decent return on that investment.
This is just my personal preference.
At least with ASB trading down nearly 50% off its highs, there is some margin of safety at around $2.00
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Last
$2.10 |
Change
0.000(0.00%) |
Mkt cap ! $761.2M |
Open | High | Low | Value | Volume |
$2.11 | $2.13 | $2.06 | $1.879M | 898.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5786 | $2.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.12 | 6701 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5786 | 2.090 |
3 | 13812 | 2.080 |
2 | 1050 | 2.050 |
1 | 250 | 2.040 |
1 | 5000 | 2.030 |
Price($) | Vol. | No. |
---|---|---|
2.120 | 6701 | 2 |
2.130 | 9786 | 2 |
2.150 | 510 | 1 |
2.200 | 10000 | 1 |
2.290 | 4500 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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ASB (ASX) Chart |