re: i wouldn't bother - fed Hi Fedexpress
That's a scary statistic. 25% of capital gone requires a 33% return on remaining capital to get it back to even. When you consider that long term legends in the industry are those who make over 20% per annum consistently on capital it highlights how difficult trading can be.
I notice a few questions from people along the line of what is happening. Sadly a lot of hard lessons in the brutality of speculative markets. Take TOE - a new float at 25c has flown to $1.60, no mines, no definite discoveries, just cash from the float and a lot of land to explore. I think it's pretty clear why $1.60 hasn't held yet. The company can't be properly analysed for value from either a fundamental or technical perspective. Eventually a base will become clear and hopefully not too many will have been burned in the process.
Here's hoping that the fundamentals eventually come through to save your mate.
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re: i wouldn't bother - fed Hi FedexpressThat's a scary...
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Last
34.0¢ |
Change
0.010(3.03%) |
Mkt cap ! $40.89M |
Open | High | Low | Value | Volume |
32.5¢ | 34.0¢ | 31.5¢ | $37.67K | 115.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13626 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 24877 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 52000 | 0.315 |
3 | 21228 | 0.310 |
2 | 6848 | 0.305 |
8 | 84143 | 0.300 |
6 | 144000 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 24877 | 1 |
0.350 | 86946 | 6 |
0.355 | 35646 | 2 |
0.360 | 12000 | 2 |
0.370 | 2000 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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