Agree, I am always prepared to cut my losses - if the outlook for a business deteriorates.
It hasn't happened in the last 10 years but I only take positions when I am sure there are multiple safety margins - generally when people are depressed about a company and despondently selling as in the case of ORG. COVID caused a lot of formerly strong businesses to become weak, the wild speculation makes financial markets fragile today - things can change quickly and we must adapt!
Your point is well made never sell is a bad idea but for fundamentalists like me selling because the price has fallen is also not the way - I will buy regardless of the technical analysis because all that matters to me is price. The lower the better.
ORG is cheap - not wonderfully cheap but cheap, worth at least 2x today's price for patient long term investors.
News: ORG Origin Energy Revises FY21 Energy Markets Underlying EBITDA In Range Of $940-$1,020..., page-48
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Last
$10.36 |
Change
0.010(0.10%) |
Mkt cap ! $17.84B | |||
| Open | High | Low | Value | Volume |
| $10.27 | $10.41 | $10.20 | $31.89M | 3.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 158 | $10.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.37 | 7984 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$10.37 |
Change
0.010 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| $10.26 | $10.41 | $10.20 | 685133 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| ORG (ASX) Chart |