MJS- will be owing my margin lender money if I dont act. I have been holding & buying more on the false belief for a while that AFG had bottomed around 6.50. Sold half my porfolio yesterday. I expect it to go sub $5 bucks today & if this happens Ive got to get out. Ive already put myself back years - to keep hoping would be financial suicide.
My mistake was blind faith in the afg growth story & its ability to resist the credit crunch headwinds. It hasnt & apart from Centro would have to be the worst performed ASX 200 company by a long stretch. If I had selected a BNB or MQG - maybe i would have survived.
Bad choice, lack of diversification & failure to act decisively & too much risk are my failings.
technical data from yahoo.finance tonite...., page-21
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 (20min delay)
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Last
$1.59 |
Change
0.050(3.26%) |
Mkt cap ! $429.1M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.59 | $1.52 | $853.6K | 546.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 969 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 4029 | 3 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| AFG (ASX) Chart |