I really don't know what the commotion is about. If this fall is mainly due to the CFO departure then I think it is a gross over reaction and a huge buying opportunity if you can resist looking at the share price every day or week or even months.
I already held a good chunk of shares with an average price of about $6 and when it went over $20 I assumed that I probably would not get the chance to top up again as my price for accumulation was under $16.
So obviously I have been accumulating with prices ranging from $16 down to my last purchase at $15.03. Personally I would love for the stock to keep falling as the parcels I buy get bigger and bigger as the stock falls more and more.
Sure the stock is not cheap but none of the quality stocks that I own are such as CAR, REA, PME or WTC. Sure I might be buying too early but I mitigate that by averaging down as I am bullish on the stock.
I can understand the angst at watching the stock fall so much from ATH but my past experiences with the other stocks I mentioned above is that these are usually great buying opportunities for investors with a long term view. So until something comes out that breaks the thesis I will continue to buy if the stock keeps heading down.
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I really don't know what the commotion is about. If this fall is...
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Last
$9.82 |
Change
-0.080(0.81%) |
Mkt cap ! $818.4M |
Open | High | Low | Value | Volume |
$9.89 | $9.92 | $9.68 | $2.229M | 227.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $9.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.82 | 1105 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 9.780 |
3 | 1603 | 9.750 |
1 | 1296 | 9.720 |
1 | 3000 | 9.710 |
1 | 500 | 9.700 |
Price($) | Vol. | No. |
---|---|---|
9.820 | 1105 | 1 |
9.840 | 1596 | 1 |
9.910 | 1296 | 1 |
9.930 | 235 | 1 |
9.940 | 1996 | 2 |
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