If I buy at current prices I'm still averaging up. So there is no rush at this point. Definitely not since I'm in this for the long haul.
At present the market is having its "Toto we are not in Kansas anymore" moment. Personally, that at least is worth a pause in buying more. Even if I believe all will be well in the end.. Once the bad sentiment and emotions washes off. Good companies always recover...
Although S32 failed to achieve consensus I believe S32 is a great mining company at a good price. The biggest problem that S32 suffers from is the fact that there are other great companies in the ASX. BHP, RIO, FMG etc Even if it has proven itself to be a great company since its divestment from BHP it is still in competition with these other companies for investor capital. S32 is worth being in my portfolio long term but I doubt it will occupy the same kind sizing the first 3 in the list below does.
If I buy at current prices I'm still averaging up. So there is...
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Last
$3.68 |
Change
-0.060(1.60%) |
Mkt cap ! $16.66B | |||
| Open | High | Low | Value | Volume |
| $3.64 | $3.70 | $3.63 | $46.35M | 12.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16139 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 45098 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| S32 (ASX) Chart |