Exactly @xmanrocks - risk vs reward makes no sense here, and the "smart money" (read: just deeper pockets than all of us combined!) is derisking as the market allows.
Why would I buy here with no potential upside for a BRL win, when the potential downside is very, very much material if they lose? If they win, I can buy in with certainty around fundamentals - if I stay out here, I have no downside risk.
Very good example of weighing up risk vs reward and why it should be in every savvy investors playbook at Chapter 2 or 3!
Is The Market Stupid...?, page-125
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $153.0M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 81.0¢ | 79.0¢ | $9.941K | 12.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 29260 | 2 |
View Market Depth
| Last trade - 13.41pm 26/07/2024 (20 minute delay) ? |
| BRL (ASX) Chart |