I think thats often the explanation for the ones that turn out well!
I have thought about what you posted and how it informs my entry into REH, I think that I have bought in when its at the incorrect end of the cycle and I am going to consider selling out and waiting for a better entry in a sector downturn.
I have made that mistake more than once - at least with buying quality businesses I have generally found that there is not much risk of loss of capital if and when I change my mind!
Its certainly an error of judgement I want to make less often!
Of course another path is to simply add to my position in a downturn and average the price down, and that is also worthy of consideration.
Its one of the reasons I run a decision journal, so I can consider all the possible actions over time and try to come to a more informed decision. Doing nothing is often best in the short term!
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Last
$27.76 |
Change
-0.140(0.50%) |
Mkt cap ! $17.93B |
Open | High | Low | Value | Volume |
$27.88 | $28.06 | $27.73 | $10.64M | 382.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9 | $27.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.76 | 1622 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9 | 27.740 |
1 | 1139 | 27.690 |
1 | 1139 | 27.660 |
2 | 817 | 27.650 |
1 | 3143 | 27.640 |
Price($) | Vol. | No. |
---|---|---|
27.780 | 90 | 1 |
27.790 | 1163 | 1 |
27.820 | 1826 | 1 |
27.850 | 3357 | 4 |
27.860 | 817 | 2 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$27.75 |
  |
Change
-0.140 ( 0.87 %) |
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Open | High | Low | Volume | ||
$27.85 | $28.06 | $27.74 | 144910 | ||
Last updated 15.59pm 08/05/2024 ? |
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REH (ASX) Chart |
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