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.
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Last
$9.93 |
Change
-0.020(0.20%) |
Mkt cap ! $17.10B |
Open | High | Low | Value | Volume |
$9.98 | $9.99 | $9.81 | $31.67M | 3.199M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 92596 | $9.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.93 | 7098 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 902 | 9.880 |
1 | 1013 | 9.850 |
1 | 10000 | 9.810 |
7 | 10995 | 9.800 |
4 | 9071 | 9.720 |
Price($) | Vol. | No. |
---|---|---|
9.950 | 500 | 1 |
9.990 | 2739 | 3 |
10.000 | 1972 | 2 |
10.010 | 2504 | 1 |
10.020 | 10250 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$9.90 |
  |
Change
-0.020 ( 0.40 %) |
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Open | High | Low | Volume | ||
$9.99 | $9.99 | $9.82 | 693648 | ||
Last updated 15.59pm 10/05/2024 ? |
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ORG (ASX) Chart |