You're a bit late to the party
The DOW has fallen about 9K points from it's highs
I sold all of my blue chips weeks ago and am sitting in about 80% cash. I sold my blue chips because I was in profit on them all and knew I could buy back in cheaper.
But who is in profit on CZN at 0.2c or even break even? No one. Who has a position of CZN that is so substantial they need to sell it for the cash back? I am guessing no one. I never understand the logic of when the market tanks everyone just blindly sells.
If you are selling CZN at 0.2c ask yourself. Do I expect I can buy this cheaper in a few weeks? I consider it almost impossible. Even those qued to sell at 0.3c, do they think once they have been filled they can simply buy back in again at 0.2/0.3c once drilling is announced? I highly doubt it.
I even took some losses on blue chips because I knew I could buy back in cheaper. However taken a loss on a stock "just because" is really not smart. Most people have sat and watched the market fall 9K in a month and not acted. The next month will hold drilling and results. You'd be a fool to capitulate and sell into the lows but that is just IMHO.
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $4.309M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $4.575K | 653.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1022556 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 2783496 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1022556 | 0.006 |
10 | 3042194 | 0.005 |
7 | 4000239 | 0.004 |
4 | 2681000 | 0.003 |
3 | 1500000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2783496 | 8 |
0.008 | 1211079 | 8 |
0.009 | 919444 | 4 |
0.010 | 258583 | 2 |
0.012 | 200000 | 1 |
Last trade - 10.59am 24/06/2024 (20 minute delay) ? |
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CZN (ASX) Chart |