Well, I am in the brain bull camp of over exposure to PRR, and have suffered dearly in this downturn.
I audaciously leveraged into this stock at 16c and was loving my 300% return only months ago. I hit my trailing stop loss at 26c, and life was rosey.
Then greed set in.......we went back to 24c and I thought momentum was shifting back up, and I didn't want to miss the next leg up
I have since ridden all the way down to 11.5, and after tipping in all available cash to keep me afloat, yesterday I had to sell over a third of my position to cover a margin call. A number of fundamental mistakes led me to this position, and the only positive is that losing substantial amounts of your wealth is probably the best way to learn a lesson.
Why is this relevant to all of you??
Murphy's law dictates that the point I was required to reduce my position will undoubtedly be the bottom of the market, and we will now see a rally.
As the subject header reads, don't thank me all at once
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $428.5M |
Open | High | Low | Value | Volume |
30.5¢ | 31.3¢ | 29.3¢ | $1.323M | 4.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 111754 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 61590 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 111754 | 0.295 |
24 | 520747 | 0.290 |
19 | 190996 | 0.285 |
28 | 1302132 | 0.280 |
5 | 181301 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 61590 | 3 |
0.305 | 86660 | 3 |
0.310 | 524960 | 8 |
0.315 | 35744 | 2 |
0.320 | 37936 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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IMM (ASX) Chart |