This is an easy thing to say.
I hate using this example, but it's almost like a person living through hell in Ukraine saying: "Time will tell when the war is over."
I don't think most normal human beings would want to remain in a war zone and let time pass, they'd want to avoid it at all costs. The stress and uncertainty would be too much.
It is this context I apply to Magellan.
How much money can you stand losing? Can you sleep at night full well knowing this stock, as it keeps on doing, plunges 10-30% on more bad news tomorrow? What does "over" look like? A de-listing? A fire-sale of MFG? A 99% capital loss?
Staying in this stock is more extreme than extreme sports IMO. Without any actual turnaround strategy and a reliance on accounting gimmicks to prop up the share price (which won't work), this stock is more extreme than extreme sports.
No thanks.
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Last
$8.22 |
Change
-0.060(0.72%) |
Mkt cap ! $1.485B |
Open | High | Low | Value | Volume |
$8.26 | $8.29 | $8.18 | $4.299M | 522.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 357 | $8.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.23 | 595 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5354 | 8.190 |
3 | 3695 | 8.180 |
2 | 3814 | 8.170 |
3 | 4371 | 8.160 |
1 | 3000 | 8.130 |
Price($) | Vol. | No. |
---|---|---|
8.240 | 1878 | 2 |
8.260 | 2073 | 1 |
8.270 | 5872 | 2 |
8.280 | 7037 | 6 |
8.290 | 295 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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