personally I am hoping the buy and hold strategy works when it comes to buying during a crisis. I looked at many blue chips to see what would have happened if you had bought during the worst of the GFC and I found that for the most part you would have made quite the profit by buying and holding. So during March and April when corona was at its worst (to date, anyway) I bought 10 asx 200 stocks plus some more Cxo with the hope history repeats. 8/10 of my asx 200 stocks are currently green, with CXO at 1.4c and Afterpay at $13 being the standout buys.
I feel the opportunities that crisis creates can be opportunities like no other.
Like the buff man says: “Fear is your friend because it creates opportunity, and opportunity can come infrequently.”
not investment advice
IMO
GLTAH
CXO the timing is perfect, page-97
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |