The ASX is like a betting company...so it is rigged against the retail holders and favours the institutional holders. Retail holders have a 1% opportunity to make money on the ASX whilst the Institutional holders have a 99% opportunity to make money.
You need to remember that Australia was founded by shipping out the undesired scum from the Commonwealth who now hold the power in the likes of the major companies. Hence the the opportunity to make cash on the ASX is like a roll on the Roulette wheel.
Hope this helps. If you read all the announcements from ARV since 2008, this should help you and clarify why investing in any company on the ASX is not worthwhile.
The ASX is like a betting company...so it is rigged against the...
Add ARV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $21.08M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $22.30K | 2.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 238969 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1962729 | 6 |
View Market Depth
| Last trade - 12.01pm 04/10/2024 (20 minute delay) ? |
| ARV (ASX) Chart |