And I think what is often forgotten in these cases are these things.
1. 2% of 500,000 (not an unreasonable amount when talking SMSF) is $10,000 so if your average is $3.6 then your losses are coming close to 50% of your original capital in this stock - that would concern most - I would imagine.
So ... I think your are right to be stressed / concerned. I would be.
By the way I have been there - I lost ~$100,000 on one stock in the GFC. I learned some very valuable lessons in that tumultuous period.
And yes - I think RFG may face further questions around their disclosure obligations.
2. While the SP has fallen around 50% (using your average cost) to now get that back that SP must increase by 100%. Put simply - if you buy a share for $1 and it sinks to $0.50 that is, clearly, a 50% drop. However, for that same share to get back to your original $1 it must now rise by 100%. Tough gig!
Good luck to you @hypomaster
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Last
6.8¢ |
Change
0.001(1.49%) |
Mkt cap ! $169.4M |
Open | High | Low | Value | Volume |
6.8¢ | 6.8¢ | 6.8¢ | $22.03K | 324.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 169987 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 47770 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 169987 | 0.068 |
4 | 183157 | 0.067 |
7 | 332428 | 0.066 |
15 | 589001 | 0.065 |
2 | 496288 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 47770 | 2 |
0.070 | 72536 | 3 |
0.071 | 98758 | 5 |
0.072 | 88040 | 3 |
0.073 | 35171 | 3 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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