FAR 0.00% 49.5¢ far limited

FAR Pretrade, page-172

  1. 4,955 Posts.
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    Speaking of 6.9, I was in the sell queue. I thought for something different I would show a bit of discipline and stick to my price targets.
    I bought in at 3c off the back of the Nov 2011 issue of Australian Small Cap Investigator - a publication I no longer subscribe to.
    My theory is to sell a third at +50%, and then sell another third of whats left when it goes up 50% again. For example, buy 9000 shares of XYZ at $1 (total $9k), sell 3000 @ $1.50 for $4500 leaving you with 6000, and then sell 2000 @ $2.25 ($1.50 + 50%) for another $4500, leaving you with 4000 shares having recouped your original purchase outlay.

    I sold a third of my holdings at 4.5c, (+50%), and the next price target was 6.9c, so I put my sell order in, and now no matter what happens I cannot lose!
 
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49.5¢
Change
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Mkt cap ! $45.74M
Open High Low Value Volume
50.0¢ 50.5¢ 49.5¢ $16.90K 34.12K

Buyers (Bids)

No. Vol. Price($)
2 17623 49.5¢
 

Sellers (Offers)

Price($) Vol. No.
51.0¢ 129688 3
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Last trade - 15.43pm 17/07/2024 (20 minute delay) ?
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