Fat bloater maybe its a different fundamental view between an good investor and a good trader and in the words of mark twain, 'never the twine shall meet'.
I bought on Thursday at prices around $2.54. On Friday it dipped to a low of $2.28 but then recovered to close at $2.43 (or thereabouts, lazy to check).
So what was the right decision on Thursday?
What if it had closed at $2.60?????
What if it had closed at $2.40?
What if it had closed at $2.30?
I was watching the live trading and it was moving pretty fast.
As a fundamental investor I do my research first on the company and then look at what Mr Market's mood is in regards to the share.
Now if someone is buying 100 shares or 1000 shares they could be more nimble than me. But when I strike I need a reasonable set of parcels to make it worth my time.
I am not institutional, but nor am I average retail. I need to acquire a reasonable quantity to generate a reasonable return on the portfolio.
On Thursday when I bought I accounted for about 20% of the daily turnover at that point in time (by lunchtime).
Prices were moving around, I was also looking at the sellers spread on that day.
So again I am comfortable with my position and at the price paid (given the information available on that day).
Could I be wrong in the future?
Most definitely (as to could, not will)
- Forums
- ASX - By Stock
- starting to buy again
Fat bloater maybe its a different fundamental view between an...
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FWD (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.98 |
Change
-0.025(1.25%) |
Mkt cap ! $170.3M |
Open | High | Low | Value | Volume |
$2.00 | $2.03 | $1.96 | $343.9K | 173.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.98 | 13463 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.920 |
1 | 2000 | 1.900 |
1 | 6000 | 1.880 |
2 | 1000 | 1.775 |
1 | 20000 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.990 | 25000 | 1 |
1.995 | 13234 | 1 |
2.040 | 10000 | 1 |
2.070 | 140 | 1 |
2.100 | 1725 | 1 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
Featured News
FWD (ASX) Chart |