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.
Agree, I am always prepared to cut my losses - if the outlook...
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Last
$10.63 |
Change
-0.055(0.51%) |
Mkt cap ! $18.26B | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.68 | $10.56 | $16.41M | 1.547M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3019 | $10.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.63 | 18504 | 53 |
View Market Depth
| Last trade - 15.50pm 30/07/2024 (20 minute delay) ? |
| ORG (ASX) Chart |