either he knows it's undervalued or thinks that it's undervalued and hence is buying in for the longer term- I assume he's conservative or longer term investor- just because a spec is cheap don't mean that it's a bad investment.
a million shares is only 25 grand,
now if you have a million dollar portfolio you would allocate 5-10% of it to specs so 50k-100k which is 2-4 lot's of 25k positions....some of my mates have 2-3M portfolios and they allocate 10% to specs....that's 200-300k in specs, normally taking a 50k position....
They like to hold stocks for 1 year min for CGT relief- if it don't delvier at end of 12 months they reassess it as a hold or sell.
One in particular has 50k worth at 2c from last year- he hasn't sold any and did buy some more on the way up in the 3c range to average up.
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- interesting buying instructions
interesting buying instructions, page-4
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.138M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $2.883K | 27.45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 143115 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 143115 | 0.105 |
1 | 5000 | 0.100 |
3 | 59286 | 0.098 |
1 | 100000 | 0.097 |
1 | 32975 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 30000 | 1 |
0.125 | 83333 | 2 |
0.130 | 10000 | 1 |
0.140 | 50000 | 1 |
0.145 | 10689 | 1 |
Last trade - 15.58pm 12/07/2024 (20 minute delay) ? |
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