Why risk an entry here for 9% there are so many other stocks that will make more than 9% plus pay dividends. So the question sld be how much return do you want your investment to make. I still want to own Syd again but will only be tempers tempted when all the bad news that cld affect syd is aired... margin calls are forcing sellers into the market etc etc... e.g if syd returns to 4.50 then i might take a small position for long-term 40% 3yr horizon.. if she falls further I'll add but until then too risky ... on the other hand if I want to make 50% rtn in 6mths i might look at coe or my top pick of the covid crash prn from 50c to 1.50 200% rtn in 2.5 mths back to 1.10 today on 7% +div ... i only made 11% in one day off syd from 4.5 to 5.03 and missed the other 20% but shows you need to assess what you want to achieve
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Why risk an entry here for 9% there are so many other stocks...
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