I'll invest in an ASX200 based on value as long as I understand the business. Even better a fallen from grace ex-asx200 lister. Buying low, on heavy shorting with a perceived unfavourable conditions moving forwards. Yet the business is cashflow heavy and hold comfortable debt... This tact is one of my bread and butter over the years. Pretty much why EVN got pushed down to $1.80, ELD $5.50, CKF sub $7 and MP1 sub $4. The latter 3 are now comfortable in the portfolio via a free carry strategy post planned investment timeframe.
Of course they don't all turn out well. ASX and a handful of lithium stocks are still in the portfolio in limbo.
Like you I have been watching for a while since it broke below the June 2022 support. I have taken 1/3 of the planned holding in IEL today. So 2 more parcels moving forward. I will buy more around $12.70 Aug 2020 support and $9.90 Covid march madness. If at all it gets to those lows. A good bounce from here and I'll average up on the other 2/3 of the holding above $20.43 on retest.
I'll invest in an ASX200 based on value as long as I understand...
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Last
$15.51 |
Change
0.010(0.06%) |
Mkt cap ! $4.300B | |||
| Open | High | Low | Value | Volume |
| $15.40 | $15.53 | $15.31 | $7.247M | 469.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 395 | $15.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.52 | 875 | 10 |
View Market Depth
| Last trade - 14.16pm 19/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |