generally when u lose money on a stock one of 2 things happen
1. one tends not to touch it again or
2 one tries to make money out of it
With the 2nd point you have to be very careful because you think the bottom has been reached. I am in the same boat as you. I was up $150 on this and eventually sold for a $30k loss.
The best thing to do is wait till it bottoms out and forms a base. This wont happen in one day. You will need to look at a few weeks for this. And you wont miss out because even if it has a big run there will be a lot of people waiting to sell out and it will tank again. This is a bear market as well so the sentiment is on the down side. With oil coming down and tipped to come back to $30 who will bother with U at $60?
Also, with the recession and other disasters in the US nobody is touching shares.
There are too many negatives at the moment. Buying shares is a game of increasing positive proabilities in your favour. At this stage the scale is weighing in favour of the negative. So wait till it tilts in your favour.
I too want so much to make my money back but the market will not run away. There will be plenty of opportunity. PDN never ran to $10 in one day and neither did it fall to 1.79 in one day.
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Last
$13.01 |
Change
-0.160(1.21%) |
Mkt cap ! $3.889B |
Open | High | Low | Value | Volume |
$13.10 | $13.15 | $12.94 | $22.67M | 1.736M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | $13.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.02 | 2319 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | 13.010 |
8 | 19616 | 13.000 |
2 | 26889 | 12.980 |
1 | 4300 | 12.970 |
4 | 11977 | 12.960 |
Price($) | Vol. | No. |
---|---|---|
13.090 | 1710 | 2 |
13.100 | 7075 | 2 |
13.120 | 7423 | 2 |
13.130 | 19966 | 1 |
13.140 | 11223 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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PDN (ASX) Chart |