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
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $30.33M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $70.59K | 2.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 407335 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 500000 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
3.0¢ |
Change
-0.001 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 3.2¢ | 3.2¢ | 3.0¢ | 2620354 | ||
| Last updated 15.51pm 21/05/2024 ? | |||||
| HIO (ASX) Chart |