I tried to explain to @Kevo88 back at 18c, the dangers of buying into a downtrend due to geometric losses.
People buying now should because it is 'cheap', might want to consider that if it falls just another 2.6c, then a 100% gain would be needed to breakeven.
Those who were buying at 18c now need around a 300% gain just to get their money back!
The only time I would bottom fish would be if if was a quality company in a longer term uptrend and in a favourable sector or economic environment.
The most paintful lessons are the best lessons but alas for many, often even these lessons are not learned.
I tried to explain to @Kevo88 back at 18c, the dangers of buying...
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $277.9M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.7¢ | $356.1K | 12.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 9454443 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 364285 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| SYA (ASX) Chart |