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
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B |
Open | High | Low | Value | Volume |
$10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2494 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.00 | 45242 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 9.890 |
1 | 1400 | 9.720 |
1 | 750 | 9.700 |
1 | 105 | 9.600 |
2 | 309 | 9.550 |
Price($) | Vol. | No. |
---|---|---|
10.000 | 500 | 1 |
10.080 | 481 | 1 |
10.100 | 4700 | 1 |
10.150 | 4677 | 3 |
10.180 | 3500 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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MFG (ASX) Chart |