That's a very good point. I have a similar story in ADN.
Taking some profit along the way especially when a large market cap is in play is very sensible.
WA1 at $12.34 has a market cap of around $750m. My point being one needs to understand whether a company is overpriced, underpriced or fairly valued.
CHN at $9, was worth correct me if I'm wrong in the vicinity of $3B.
For me, WA1 at $750m is still undervalued but that's my opinion and that's why I haven't taken any profits on my long term holding.
People have a variety of reasons for taking profits, we shouldn't judge them.
That's a very good point. I have a similar story in ADN.Taking...
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Last
$16.96 |
Change
-1.880(9.98%) |
Mkt cap ! $1.037B | |||
| Open | High | Low | Value | Volume |
| $17.30 | $17.41 | $16.65 | $7.580M | 445.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23 | $16.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.99 | 696 | 10 |
View Market Depth
| Last trade - 11.46am 11/07/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |