As @binwood quoted, if you have a few spare pennies left over from the weekend's frivolities, you could do worse than buying small parcels whilst it is trading at these levels.
I have been chasing the falling knife from 59c, and have managed to amass quite a number shares thinking it was range bound in the mid 50's, yet after Friday's fall in the US, more opportunities will likely present itself yet again.
NORMALLY , I would be very hesitant to chase an sp downwards, however in this situation, the risk/return ratio appears quite favourable.
To align your fiscal and economic thinking, what is the perceived downside, vs the possible upside to your buys at this level?
All the best.
At some point, I hope we will all be smiling, once this company actually recieves the attention it's fundamentals deserve.
As @binwood quoted, if you have a few spare pennies left over...
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Last
46.5¢ |
Change
-0.005(1.06%) |
Mkt cap ! $421.3M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 47.5¢ | 45.5¢ | $848.5K | 1.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 121782 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 4962 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |