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¢

I know many say dont do it but avergaing down has saved my skin...
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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¢ | 5.4¢ | $27.76K | 514.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 82980 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 67729 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 82980 | 0.053 |
5 | 643212 | 0.052 |
3 | 840000 | 0.051 |
4 | 500200 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 67729 | 3 |
0.055 | 10000 | 1 |
0.056 | 25000 | 2 |
0.057 | 10000 | 1 |
0.058 | 128490 | 2 |
Last trade - 10.15am 14/07/2025 (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