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
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $436.3M |
Open | High | Low | Value | Volume |
30.5¢ | 31.3¢ | 30.0¢ | $960.6K | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 188729 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 46153 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 188729 | 0.300 |
12 | 236310 | 0.295 |
17 | 444259 | 0.290 |
8 | 1046339 | 0.285 |
9 | 253967 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 46153 | 2 |
0.315 | 83754 | 5 |
0.320 | 172037 | 5 |
0.325 | 239547 | 4 |
0.330 | 68045 | 5 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |