Can't agree more that the practice should be banned.
It creates a very different market place to the one my grandparents and parents first traded in 40 years ago. They've had very handsome gains in their portfolios holding for many years.
My grandfather-in-law commented to me how many commodity stocks seemed to pop up and disappear and have wild price fluctuations in between on no news and how easily one can get burned dabbling in this stuff (Shaw River manganese, now "RLK" would be an example of this I guess?).
If you walk into a casino you're presented with the odds of a win or a loss - it's all transparent.
The asx is gambling blind - you can love a company for its fundamentals all you like but you could still lose 20% of your money or more on nothing but good news! PLS is an example of this.
As a young fella (late 20s) I have only been investing for 11 months and I have been using a small portion of my portfolio for buying extra on the dips and selling on the rises. So far I have made roughly 20% gain with this money post-tax (overall portfolio gain 5% from this money alone), so it's better than a term deposit.
When the big wigs adjust the tempurature of the pool I just dip my toes in..... But only for a minute.
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Last
$2.58 |
Change
0.000(0.00%) |
Mkt cap ! $7.769B | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.65 | $2.49 | $78.76M | 30.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 15582 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.58 | 36624 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |