just on a point of contention against your risk V reward argument.
There's an increasing possibility of a TO the lower this goes.
A good example of a smashed stock getting a TO is Pelaton. They had lacklustre numbers and it tanked big. Now Amazon or Nike might acquire it. Dropped to $24 then hit $40 overnight due to the potential bidding war.
Not saying its the greatest thing to be hoping for a TO, but it is definitely a candidate for one imo if we're talking risk V reward
Daily Price Movement / General Discussion, page-44543
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Last
$1.72 |
Change
-0.040(2.27%) |
Mkt cap ! $1.937B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.83 | $1.70 | $26.91M | 15.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 15000 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |