MYG 2.50% 82.0¢ mayfield group holdings limited

Well I'm going to take the contrarian view - everyone has been...

  1. 4,710 Posts.
    lightbulb Created with Sketch. 197
    Well I'm going to take the contrarian view - everyone has been saying how great of a deal it was at 9 c, 8c, 7c, and now 6.2c. Either way each time it goes down one could argue we're losing even more money and as per behavioural finance we simply cannot just accept a loss. Most seem more optimistic everytime the share price goes down so they can buy in more -which to me shouldn't be what shareholders should be expecting for any company. Even if you have to buy in more expensive, a rising share price is alot better than a falling one.

    I did come out post-the investment expo a week + ago with the mention that the technical analyst guest speaker did state that touch 7.9c it would be a catalyst to sell pre- a drop to the 6.2-6.5c mark, I only wish I bit the bullet myself/wasn't on holidays at the same time. It's devestating to come back to 0.009c MYGOA's and MYG's at the low 6's.

    Can't talk as obviously I did not heed the technical advice.... so we can only hope finance will sort this out soon. Don't think will be seeing the high 7's-8's OA's again before they vest... if only we had time travel - to go back and sell them when they were in profit! :(
 
watchlist Created with Sketch. Add MYG (ASX) to my watchlist
(20min delay)
Last
82.0¢
Change
0.020(2.50%)
Mkt cap ! $75.00M
Open High Low Value Volume
80.0¢ 82.0¢ 80.0¢ $26.51K 32.98K

Buyers (Bids)

No. Vol. Price($)
1 6600 76.0¢
 

Sellers (Offers)

Price($) Vol. No.
82.0¢ 24959 3
View Market Depth
Last trade - 14.49pm 08/11/2024 (20 minute delay) ?
MYG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.