It's a scary thought for people to imagine their shares being worth 80% less and the brain will fight the notion. I think others forget that there is a contrarian view to theirs and people exercise it as a strategy to invest.
I have a small stake in PME. I'd like to see it go up (I bought on the strength of the last report, though only a small amount) - but I am also prepared, or better to put it preparing for the possibility of a global equity sell off. I don't know if it's going to happen, but I'd like to be in a position to benefit from it if does happen. It will happen eventually. No one knows if Covid 19 is the catalyst but it has influenced the probability. If there is a recession this fantastic company that is priced to perfection will experience the same degree of agressive selling as any other. I think a smart investor would be wise to consider having a bit of cash sitting around to make the most of such a situation, and by all means lets hope it doesn't happen (it may not).
TLR ~ Great company that might be cheaper in the near to medium term. Might not. Plan accordingly.
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Last
$143.26 |
Change
3.450(2.47%) |
Mkt cap ! $14.95B |
Open | High | Low | Value | Volume |
$141.98 | $144.34 | $137.22 | $77.47M | 543.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 400 | $143.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$143.30 | 8851 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 209 | 142.880 |
1 | 100 | 141.000 |
1 | 70 | 139.500 |
1 | 1000 | 139.000 |
1 | 1 | 138.500 |
Price($) | Vol. | No. |
---|---|---|
143.390 | 175 | 1 |
143.410 | 350 | 1 |
143.500 | 100 | 1 |
143.590 | 174 | 1 |
143.650 | 1000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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