I know many say dont do it but avergaing down has saved my skin on each occassion. One day I will probably get caught. If I think a stock is terminal or if management just dilute to oblivian via multiple capital raisings I just sell. For those I'm confident about I keep pooring the money in because the downtrend will eventually reverse and then I sell (as in now).
I have invested in such disasters as DTE, TTE. LYC, AKK, QFX, EEG and many others (often tens of thousands). I could not have been more confident about CTP until now and invested accordingly. It made up 50% of my portfolio. Times have changed which took me by surprise and is very disappointing. Just another lesson for me. You just cant believe anything in the small cap space.
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CTP
central petroleum limited
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5.4¢

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Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.24M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.2¢ | $22.38K | 420.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 380539 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 123906 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 380539 | 0.054 |
3 | 62980 | 0.053 |
4 | 643012 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 123906 | 1 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 150000 | 2 |
Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
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CTP (ASX) Chart |
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VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online