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6.45%

9.9¢ delorean corporation limited

Brokers want you to keep trading in and out. That's how they...

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aruc6393

2,536 Posts.

746

19/08/21

14:19

Post #: 55416673
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Originally posted by dabozza: ↑

It's such bad advice. It is transparently just saying to their clients "trade don't invest", and that's a terrible piece of advice because most people will lose money that way. Where's the fundamentals in that recommendation? Will they shift it to buy now that it's 23c?

One has to be keenly aware of the difference between target price, and valuation. To my mind, until there is something fundamental that changes the situation, I am holding. My calculations are showing around 31c of value with plenty of upside potential - noting this is a long term buy-and-hold play with operational and capital risks. Morgans is correct to flag that there are risks, and perhaps at 25c there is too much risk relative to the potential payout to buy? I am not buying at that levels. But it doesn't make me a sell because it simply reaches fair valuation, it'd need to exceed it by a fair margin before I trimmed.

GLTAH. Hopefully we can get an update from management soon.

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Brokers want you to keep trading in and out. That's how they make their money - brokerage. They love giving the impression that everyone needs to keep active and on their toes in the market to make money.

If people stayed still, they make less money.

IMO.

DEL Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.9¢		Change 0.006(6.45%)		Mkt cap ! $21.35M

Open	High	Low	Value	Volume
9.9¢	9.9¢	9.4¢	$13.11K	136.4K

Buyers (Bids)

No.	Vol.	Price($)
2	121435	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	2220	1

View Market Depth

No.	Vol.	Price($)
2	121435	0.095
3	76121	0.094
3	78111	0.093
1	1120	0.091
3	137776	0.090

Price($)	Vol.	No.
0.099	2220	1
0.100	63307	2
0.105	167500	3
0.110	287104	2
0.115	113465	4

Last trade - 15.23pm 26/09/2024 (20 minute delay)

DEL (ASX) Chart