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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You've hit the nail on the head. I made my play at NZ15,...
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Last
$5.56 |
Change
0.030(0.54%) |
Mkt cap ! $4.025B |
Open | High | Low | Value | Volume |
$5.50 | $5.61 | $5.49 | $7.155M | 1.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | $5.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.57 | 11611 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | 5.540 |
3 | 11143 | 5.530 |
3 | 10486 | 5.520 |
3 | 8249 | 5.510 |
5 | 14013 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.570 | 11611 | 5 |
5.580 | 8280 | 2 |
5.600 | 7280 | 1 |
5.610 | 8833 | 2 |
5.620 | 2500 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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A2M (ASX) Chart |