I guess that's what I'm thinking too Benny.
I bought in on 6 Jul and watched it go straight down to 1.26. down. When it went back to 1.44 in a bullish way on 27 Aug, I sat there and
watched it and contemplated. I asked myself do I sell now and get my money back ? Big mistake not to. I didn't want to lose
continued upside opportunity. What I didn't see was the massive downside opportunity to buy back more units at a
lower price ($1) and to de-risk my capital at the same time. Instead it's been a world of short term pain. Would love to buy some
more now but I am not going to risk more funds that I cannot afford to lose. I wasn't planning on a long term play but
silly me my hand has been forced.
What I've learn't from this ?
In the short term, if the stock runs ahead of itself so that the sp is too good to be true, just sell no questions asked and let my capital take a breather until a correction has completed.Then try and buy myself into a better position holding more units. If the stock is not getting ahead of itself just hold. And there's a timing issue. The more time that passes one needs to consider the CGT advantages of holding for more than 12 months.
Thanks for your kind feedback.
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I guess that's what I'm thinking too Benny. I bought in on 6 Jul...
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $1.298B |
Open | High | Low | Value | Volume |
61.0¢ | 62.0¢ | 60.5¢ | $4.257M | 6.968M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 175546 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 7201 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 64846 | 0.605 |
13 | 1110291 | 0.600 |
3 | 34871 | 0.595 |
3 | 45846 | 0.590 |
3 | 53376 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.615 | 28242 | 2 |
0.620 | 26242 | 1 |
0.625 | 24829 | 1 |
0.630 | 117829 | 2 |
0.635 | 74829 | 2 |
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