Went shopping today with buying lines filled at 42c and then 41c. It sent my mind back 4 years or so, before the ASM demerger bonanza.
I totally understand, the current sell off really hurts everyone bottom line. It is not easy to take. But after topping up in the 50s, when I genuinely believed the business was on sale, it is an even better one at the low 40s.
No one forcing me to buy except my instinct that capitulation is close and nearly every multi bag investment I have ever made looked pretty much the same.
I have massive and I mean massive red ink today on my uranium holdings. Yet even after a belting, most sit at 10x cost, and profits were taken 40% ago hen the mugs walzed in paying anything. Today I greeted them again, on their way out.
That is life in the commodity lane.
ALK has made its fair share of errors that capped the SP upside. Today's downside is not of their making. Sellers did that all on their own.
We will know in a year or two who was on the correct side of today's trading.
Until then, GLTASH
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Last
41.5¢ |
Change
-0.025(5.68%) |
Mkt cap ! $250.4M |
Open | High | Low | Value | Volume |
43.5¢ | 43.8¢ | 41.0¢ | $2.880M | 6.811M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 20800 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 31327 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 20800 | 0.415 |
9 | 105180 | 0.410 |
8 | 92738 | 0.405 |
13 | 219280 | 0.400 |
5 | 22649 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 31327 | 2 |
0.435 | 50000 | 1 |
0.440 | 79593 | 1 |
0.445 | 6772 | 2 |
0.450 | 2200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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