Yes he was right.
And rather than this being a reflection of an insto being smart money, one should consider that at the end of 2015, this fund had over 7m shares at an average of nearly 0.08. They, like others, have continued to average down.
This signals why I would never give these guys a cent of mine to manage:
http://www.apsecfm.com.au/the-atlantic-pacific-australian-equity-fund.html
All imo
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.72M |
Open | High | Low | Value | Volume |
4.8¢ | 4.8¢ | 4.8¢ | $3.6K | 75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 100740 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 1658032 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 100740 | 0.047 |
1 | 100000 | 0.046 |
3 | 202000 | 0.045 |
3 | 224200 | 0.043 |
1 | 22285 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 1658032 | 1 |
0.050 | 100000 | 1 |
0.053 | 18000 | 1 |
0.055 | 15000 | 1 |
0.056 | 136182 | 1 |
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