Disco Stu said earlier today that 'you passionate holders need to learn to sell'. Normally sage advice. The general wisdom is that 'the hardest thing is learning to sell'.
I wish I done more of that over the last few months!
Well sometimes after taking a few blows we become 'instinctively' averse to buying just when we should be, and possibly compound the error...
So some of us will need to 'learn to buy' again.
PRR is well placed technically, having determinedly stood its ground at 19.5c during a severe storm. Our market has come back to support, and therefore may well have a decent bounce. Indeed tomorrow's futures are green. If the ASX bounces PRR could take off nicely.
I think that a buy on PRR today at 19/19.5c was a good opportunity. If others thought so, but didn't do it they should perhaps question whether they 'need to learn to buy' again?
Ps Sentiment remains LT Buy as that is my overall perspective, but I think there may be some trading gains to be made if we head back towards 28c..
the hardest thing is...buying?
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Last
42.0¢ |
Change
0.025(6.33%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 42.0¢ | 39.5¢ | $890.1K | 2.163M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127863 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 30850 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |