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
32.5¢ |
Change
-0.020(5.80%) |
Mkt cap ! $479.3M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 32.5¢ | $714.3K | 2.145M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 207286 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 155282 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 249579 | 0.325 |
24 | 247357 | 0.320 |
9 | 132820 | 0.315 |
6 | 117351 | 0.310 |
5 | 134950 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 71014 | 22 |
0.335 | 159392 | 11 |
0.340 | 543349 | 11 |
0.345 | 252101 | 13 |
0.350 | 708314 | 10 |
Last trade - 14.33pm 27/09/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |