I am a newbie in the microcap investing game (although I have a decent portfolio of ASX300 stocks within my Super).
I have a question about trading versus long term investing with companies such as HIO.
Is it possible to hold such a company for the long term (say 7-10 years) and if things go your way score a multi-bagger - or is the multi-bagger dream only achievable through entering and exiting the stock time and again with the ebbs and flow of the demand for, in this case, high-grade iron ore?
I appreciate your thoughts.
Is HIO a trading or long term play?
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $31.24M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.3¢ | $19.93K | 589.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 5056824 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 135224 | 3 |
View Market Depth
| Last trade - 10.38am 01/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.001 ( 5.71 %) |
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| Open | High | Low | Volume | ||
| 3.4¢ | 3.4¢ | 3.3¢ | 1526471 | ||
| Last updated 11.15am 01/05/2024 ? | |||||
| HIO (ASX) Chart |