That is extraordinary risk adverse thinking.
A 99% chance of moving higher vs a 1% chance of moving lower to the same magnitude, before factoring in non COVID19 product annoucements in the pipeline, which increases the probability of further positive annoucements and subsequent price appreciation.
"im not here to play odds"
You've just layed out two competing "odds" scenarios Cato, so it appears you do. I just think you're thinking is upside down.
MSB Trading - 2020, page-9325
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Last
96.5¢ |
Change
-0.005(0.52%) |
Mkt cap ! $1.101B | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 99.5¢ | 96.0¢ | $2.283M | 2.340M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29300 | 96.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.0¢ | 20000 | 1 |
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| MSB (ASX) Chart |