Must have been a really hissed off holder who bought in at the last funds raising and now an ex holder, boyo that was a big drop from the last sell quote !!
Printable View
Down to $3.80 now. Any sign of the bottom?
$3.76 now. How low can it go?
I used to believe in buy and hold.. but blue chip once king of the NZX RYM is exactly why you can never buy and hold forever.
"Buy and hold" has never been valid for a single stock, only for a broadly diversified index - preferably cap weighted too? I think so but would need to take another look at Stocks for the Long Run. I think that's right.
Got to be worth a punt now? I haven't held for a long time - got out at 14.76 my software is telling me. Complete luck as I decided holding 4 retirement stocks was too little diversification. Ended up holding SUM and have now got a little OCA but a free carry. I going to get me some RYM I think at these prices. What could go wrong are the famous last words right?