Totally understood, as I've felt very similar. But I've learnt a lot about conviction, particularly in the last two years where I've reaped the reward for my patience but also suffered from my slip in patience.
Lesson being, if the fundamentals are unchanged and you believe that those fundamentals evolving could bring you a return that's worthwhile, then hide the Sell button and sit tight
I also could have rotated funds elsewhere and made money with it, but one promising set of results here and this isn't about a 20% / 30% /even 100% profit anymore. Hell, even without results the market might suddenly decide to value CNB fairly. I've seen this happen with other companies which double quite quickly without news
What happens with CNB, who knows, but I don't see there being much possibility below 30c for long. I think this is one of the best risk to reward ratios out there
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Last
54.0¢ |
Change
0.045(9.09%) |
Mkt cap ! $92.84M |
Open | High | Low | Value | Volume |
50.0¢ | 54.5¢ | 49.5¢ | $145.8K | 279.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 53.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 30026 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 0.530 |
2 | 7495 | 0.525 |
2 | 16000 | 0.510 |
2 | 17400 | 0.505 |
1 | 15000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 30026 | 1 |
0.565 | 1000 | 1 |
0.580 | 51133 | 2 |
0.590 | 100000 | 1 |
0.595 | 2141 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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CNB (ASX) Chart |