Thanks for your analysis. It's always great to see some different ideas here. Every investor has his or her own investing strategy.
To me AVA is a great undervalued business with exciting growth story. The fundamental of this business never changes. The current trend of the share price is mainly due to short-term profit taking. Share price always moves up like a pendulum. This is the normal market cycle. AVA experienced a great uptrend last year. I believe that many investors already had a few bags return on hand. Some of those investors saw a downtrend so they lost patience or even became panic, which might worsen the current trend. They sold out and used their profit to chase other hot stocks. You actually did the same thing. Nothing wrong with it but it's just different investing strategies. In fact some good business such as KGN are experiencing the same problem. Maybe I shouldn't call it a problem, but the market always overreacts.
For me I'll just stay calm and patient and top up whenever I want. I believe AVA will give me an amazing return in a few years as long as the business keeps growing. I am very glad that I found AVA and became part of this growth story.
AVA chart, page-280
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $37.69M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $65.46K | 494.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 417708 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 530620 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 417708 | 0.130 |
37 | 2290464 | 0.125 |
18 | 407523 | 0.120 |
2 | 16000 | 0.115 |
8 | 191369 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 530620 | 8 |
0.140 | 131693 | 3 |
0.145 | 73001 | 2 |
0.150 | 235721 | 5 |
0.155 | 45000 | 3 |
Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
13.5¢ |
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Change
0.010 ( 3.85 %) |
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Open | High | Low | Volume | ||
13.5¢ | 13.5¢ | 13.0¢ | 222508 | ||
Last updated 13.19pm 29/04/2024 ? |
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AVA (ASX) Chart |