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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 (20min delay)
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Last
$10.06 |
Change
-0.020(0.20%) |
Mkt cap ! $17.33B | |||
| Open | High | Low | Value | Volume |
| $10.11 | $10.18 | $10.06 | $38.08M | 3.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 32222 | $10.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.06 | 66379 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$10.08 |
Change
-0.020 ( 0.15 %) |
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| Open | High | Low | Volume | ||
| $10.11 | $10.18 | $10.08 | 2885228 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| ORG (ASX) Chart |
