Not sure I'd be placing orders just yet. The fallout from the Archegos debacle has a way to go to play out. The thing that investors should note is that there is always collateral damage when funds are forced to liquidate block holdings of (otherwise) sound investments. We saw that on Friday (OS time) and it is still playing out. There could be portfolios held by unrelated parties that may need to rebalance and we will see more selling.
My MO during these times is to sit on the sideline and wait for confirmation that all the bad news is out of the way - no matter how good opportunities seem to be.
There seemingly is more pain to come before this little episode is behind us.
MSB Trading 2021 - paradigm shift, page-3420
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Last
$1.15 |
Change
0.045(4.07%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.16 | $1.08 | $4.681M | 4.170M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99680 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 31000 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |