@Fishinnick, long RIG is still a very nice play at $8.11 but not as nice as $2-3 so I've diversified into long PTM and short QQQ which have similar 3-4x upside potential and risk profile IMO.
https://hotcopper.com.au/threads/transocean-deepwater-horizon.1171818/page-7?post_id=49901101
The boom and bust of markets is avoidable and tragic, PTM deserves to exist where many fund managers do not because it delivers good returns to clients by avoiding speculation and buying cheap.
My guess is that we are near enough to the turning point, a serious decline in the U.S. that sentiment will turn back towards PTM and the very few good advisors who kept their clients money safe but I was and may yet be early on this as is my wont.
But that's just a guess and things can happen which I don't expect, reality is too complex for any of us to perceive or predict.
Good description of balanced left brain right brain thinking below.
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Last
50.0¢ |
Change
0.040(8.70%) |
Mkt cap ! $291.0M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 50.3¢ | 46.0¢ | $2.044M | 4.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 20945 | 2 |
View Market Depth
| Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
| PTM (ASX) Chart |