Any stock could go quite likely go down 50% in a major recession. As I pointed out when you made this prediction major recessions don't happen that often and are hard to predict. By your reasoning we will be jumping out of shares every time things are looking gloomy and then having to get it right again when you buy back in. In other words, it will lead to whipsawing, and you will miss out on a lot of steady gains.
Any stock could go quite likely go down 50% in a major...
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Last
$6.22 |
Change
0.070(1.14%) |
Mkt cap ! $5.813B | |||
| Open | High | Low | Value | Volume |
| $6.21 | $6.22 | $6.07 | $13.54M | 2.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.22 | 12273 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |