Trading oppies is the same as trading shares.
Because the oppies are below value at the moment it seems the market is betting the heads will come down further. However if and when the market turns the oppies will fly to catch up. This is your best opportunity to make a profit, and this is what makes oppies attractive.
I bought in heavier today because I think the market will bounce back tomorrow, and want to profit from the price differential. But even if it doesn't, even if it takes another week or so and I have to see red for a while, then no big deal because the odds are strong that this is going places either way, so any further drops in price are just better buying opportunities.
SUMO, page-206
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.57M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.5¢ | 26.5¢ | $223.8K | 810.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 59152 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 6751 | 1 |
View Market Depth
| Last trade - 12.07pm 13/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |