You've hit the nail on the head. I made my play at NZ15, unfortunately. I'm sure everyone has had their share of investments / trades that have resulted in a face palm not long after buying. If I could re-enter my position at these prices? I wouldn't hesitate. For the life of me - if you believe in the fundamentals and potential of this company, why on earth would you sit it out waiting for a few extra cents to be shaved off the SP? If one assumes the cautious buyer is confident the SP will find it's way back to $13, $15 etc. then said buyer would not enter into a position because
a) Genuine belief the SP will drop substantially lower - let's say around $9 - $10. I can understand and respect that.
Or,
b) They're waiting for the elusive 'perfect' entry point. It might be $11.80 or $11.50.
If it's the latter, given where the price is sitting right now ... it seems too much of a risk NOT to make a play. With the AGM and results on the horizon, you're running the risk of missing the boat, as you say. For a few extra cents. It just doesn't add up to my way of thinking.
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Last
$6.59 |
Change
-0.075(1.13%) |
Mkt cap ! $4.778B |
Open | High | Low | Value | Volume |
$6.62 | $6.68 | $6.55 | $2.880M | 435.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 14598 | $6.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.59 | 2940 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 7457 | 6.570 |
20 | 25127 | 6.560 |
18 | 30298 | 6.550 |
8 | 13169 | 6.540 |
7 | 23245 | 6.530 |
Price($) | Vol. | No. |
---|---|---|
6.580 | 1929 | 12 |
6.590 | 20667 | 14 |
6.600 | 20929 | 8 |
6.610 | 20510 | 6 |
6.620 | 7058 | 7 |
Last trade - 15.33pm 03/07/2024 (20 minute delay) ? |
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