The continuing day to day monitoring and obsession with share price can easily shake us out of good stocks.
Sure prudent investing does involve careful position sizing and monitoring of a companies financial status, but if you regularly read some of the posts on this site or the AFR, you could easily get shaken out of a stock like CTD. My initial purchases of CTD were at 1.5 and 1.6 (at its peak this was more than a 20 "bagger" for me). All the great 100 "baggers" of history have had their downturns including Amazon, Apple and the like. Investing for the long run is certainly not easy, but surely patience is the most important virtue. I believe that CTD will gain get back to 20 "bags" for me and I hope more (either that or it will get taken over!).
I would strongly suggest this book for any long term value type investors:
https://www.amazon.com/100-Baggers-Stocks-100-1/dp/1621291650
The continuing day to day monitoring and obsession with share...
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Last
$12.69 |
Change
0.220(1.76%) |
Mkt cap ! $1.856B | |||
| Open | High | Low | Value | Volume |
| $12.62 | $12.76 | $12.59 | $6.918M | 545.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 628 | $12.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.71 | 3001 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CTD (ASX) Chart |