A little story about Good Buying and Good Value.
I was watching the Melbourne Cup once with my Dad, and we were thinking about putting a bet on.
I said to my Dad: I'm picking the 4 horse. It's been 4/1, but has drifted to 6/1. That's great value for that horse.
My Dad replied: There's no such thing as a sure thing, and the only Good Bet is the one you place on the horse that wins. Everything else is just a punt. You should only bet on a horse you have researched and you haven't researched that horse. You also don't know why it's drifted. There is very likely a reason why it is now what you call 'good value'.
So what's the point?
I'm pretty sure PCL is not a Good Buy right now, but instead a highly speculative one.
I also think that if it were a horse it would be closer to having a hessian screen erected around it as opposed to winning the Melbourne Cup.
But still I hold.
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A little story about Good Buying and Good Value. I was watching...
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $178.8M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.0¢ | $166.4K | 7.916M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1302346 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 4313302 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 802346 | 0.021 |
22 | 5477872 | 0.020 |
12 | 5165413 | 0.019 |
7 | 7087833 | 0.018 |
3 | 6150000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 4313302 | 10 |
0.023 | 2410791 | 7 |
0.024 | 2429115 | 9 |
0.025 | 2115515 | 9 |
0.026 | 4991509 | 7 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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