So if your fund manager gets you into an investment that required a $150,000 outlay and this investment now drops to $95,000-100,000 after 15-18 months and he/she tells you "let the value drop to $35,000-$40,000. Who really cares, great time to accumulate and bring the holding average down. The truth is, at some point what you are investing in will go up" ... I assume your response would be "oh terrific what an opportunity"?
This is the mindset that gets "long term" retail investors into trouble. Or should I say "long term fundamental driven" retail investors.
Personally I would love to see SVL at much higher prices as I have friends who hold this stock however stop losses are essential.
I hope SVL does not drop to the 4-5c however if Blackrock needs to offload on-market their remaining shares then this is a possibility. SVL will need funds soon as well so expect a capital raising to further dampen "buying enthusiasm" short term.
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So if your fund manager gets you into an investment that...
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Last
9.7¢ |
Change
-0.002(2.02%) |
Mkt cap ! $149.2M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.7¢ | $427.0K | 4.346M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 549082 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 31656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 126771 | 0.058 |
2 | 232500 | 0.057 |
6 | 401190 | 0.055 |
4 | 470000 | 0.054 |
5 | 239434 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 50000 | 1 |
0.058 | 30000 | 1 |
0.060 | 598824 | 6 |
0.061 | 259906 | 4 |
0.062 | 42000 | 2 |
Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
SVL (ASX) Chart |