"Bruce I wasn't asking Vendor to stop posting."
Chuk,
My last post wasn't directed at you or anyone in particular.
I was just supporting a view of Vendor's that people often get caught up in the euphoria of the positive posts being made in most of these HC forums, and their emotions and exuberance for a stock has cost some of them plenty of money.
Long term predictions for a stock are very difficult to make. A well-known Adelaide owner of a stock broking company was predicting a $20 share price for Peptech, about 10 years ago. He was telling people to buy into the stock at $5, and holders to keep their shares until it hit $20. Whilst the smart investors were selling out. When Peptech hit $1 there were legal proceedings, media coverage and thousands of investors who had collectively lost millions and millions of dollars.
People who err on the side of caution in a stock investing are usually the most consistently successful investors. When a stock's sp drops by 20% do you sell out and conserve 80% of your capital or not? Some investors do this religiously.
Where will ABU's sp be 2 months, 6 months, 12 months or more? No one has any idea! The market will determine that.
It depends on why people are holding onto ABU. Some think of ABU as a "hip pocket stock", sit on it through thick and thin in the hope of a 10c to 20c sp in the long term.
But some posters on here have the belief that ABU could do a run like ADN and be as high as 20c within the next few months. This is really wishful thinking. I just can't see that happening.
Time will tell.
Good luck to all investors.
Go ABU!
- Forums
- ASX - By Stock
- PRX
- timing
timing, page-77
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3899883 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 25031184 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3599883 | 0.002 |
28 | 77731589 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 24911184 | 25 |
0.004 | 7920032 | 12 |
0.005 | 4921265 | 8 |
0.006 | 2966667 | 6 |
0.007 | 7600000 | 3 |
Last trade - 16.12pm 16/08/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
Day chart unavailable