Hi Tony
I have a small position in CMO that went under water very quickly.
Before buying, I made the decision to go long and not to add to my position, stock like this can double over twelve months, but as we've seen it can also go the other way.
I'm always skeptical of buying more stock on the way down, especially if it's illiquid like CMO.
unfortunately I have to admitt that I have made a mistake in buying this stock.
I would feel much better about opening a new position at 5c, but adding to a mistake by catching knifes is a sure fire way to get into trouble.
My intention is to wait for the recovery and get out, longer holders with more intimate knowledge of the stock may wish to add to their positions.
Hi TonyI have a small position in CMO that went under water very...
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.120M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 131578 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 150000 | 1 |
View Market Depth
| Last trade - 10.01am 29/07/2025 (20 minute delay) ? |
| CMO (ASX) Chart |
Day chart unavailable