Sure, but 7.5%+ seems like a reasonable position when the SP has already halved. It would have been a great trade but the lower it goes the riskier it becomes keeping the position open because ACAD has sufficient cash and is debt free. I'd understand continuing to add a position to a company that has lost 50% of its value if it could be worth zero due to structural, or debt issues, but it isn't the case here.
Sure, but 7.5%+ seems like a reasonable position when the SP has...
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Last
$13.92 |
Change
0.130(0.94%) |
Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $14.03 | $13.46 | $11.10M | 803.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1608 | $13.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.99 | 250 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |