Markets can remain depressed for a long time, with trodden down stocks remaining unloved for longer than logic suggests. Long term holders should remember this is not personal, it's just targeted to certain stocks that "meet the brief". Unfortunately, CXO meets the shorters requirements.
There will be money to be made. It's just going to take patience and a strong constitution.
There's little to be gained by sulking or blaming others. Just accept that CXO (and other stocks mentioned above) will be poor performers for a while to come.
This situation is a reminder to all that having a balanced portfolio helps to mitigate the risks associated with investing in specific stocks.
GLTA.
Banter and general comments, page-30599
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $235.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.029M | 27.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 374502 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3715512 | 56 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |