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!
Exactly @xmanrocks - risk vs reward makes no sense here, and the...
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Last
81.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5606 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 177555 | 3 |
View Market Depth
| Last trade - 16.30pm 27/06/2024 (20 minute delay) ? |
| BRL (ASX) Chart |
Day chart unavailable