Congratulations on your investment! I wouldn't be so hard on myself if I were you. The fact is, the stars aligned in respect of both technical analysis and fundamental analysis. This is volatile, as the market is still digesting the "story" so I think you'll be back in the green in no time. Worst case it may take a little longer than you think. Best case, it will make new all time highs very quickly, and you'll be glad you bought when you did. The beauty of the stock- market is time. You're under no pressure to sell.
Readers may find what I'm about to say controversial, but I believe the whole "cut your losses" mantra is BS, with the proviso that you've bought a solid stock and have done your homework. You're not leveraged, so there's no chance of getting a margin call, or your broker selling this from under you. Anyone who as traded CFDs or other leveraged instruments knows what I'm talking about. The falls cut deep, and "cutting your losses" is a matter of life and death. Here, not so much. A lot of the conventional trading wisdom actually comes from America, and was formulated with leveraged instruments in mind.
All in my humble opinion, only.
MGT share price, page-1762
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90014 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 30666 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90014 | 0.175 |
8 | 139764 | 0.170 |
2 | 11200 | 0.165 |
1 | 50000 | 0.160 |
1 | 10000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 30666 | 2 |
0.195 | 52668 | 4 |
0.200 | 132206 | 3 |
0.205 | 49999 | 1 |
0.215 | 1946 | 1 |
Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
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MGT (ASX) Chart |