"The experts always say, "Buy when the market hates it" or "Be greedy when everyone is cautious".
The cliche is "buy when there's blood in the streets," from Baron Rothschild a British Banker back some hundreds of years ago.
This is a little different as there's been no blood as such, however it has been in a solid downtrend for 3 years, so another cliche is, buy on the up and sell on the down, but don't buy stocks or hold stocks that are in a downtrend.
May be a good opportunity providing you buy on the reversal, but who knows how far away that is?
Shorters building!, page-7
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$15.90 |
Change
-0.280(1.73%) |
Mkt cap ! $4.425B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.20 | $15.73 | $10.36M | 652.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $15.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 4291 | 1 |
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| IEL (ASX) Chart |