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
- Forums
- ASX - By Stock
- don't thank me all at once
Well, I am in the brain bull camp of over exposure to PRR, and...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
34.0¢ |
Change
-0.005(1.45%) |
Mkt cap ! $479.3M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 32.5¢ | $1.317M | 3.935M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 73996 | 33.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 1032598 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 577 | 0.370 |
2 | 18087 | 0.355 |
4 | 565432 | 0.350 |
1 | 39469 | 0.345 |
1 | 73996 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 34867 | 3 |
0.320 | 20391 | 4 |
0.335 | 8643 | 3 |
0.340 | 301156 | 4 |
0.345 | 368450 | 7 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |