IMU 0.00% 10.5¢ imugene limited

MM I have been thinking about your last line in comparison to...

  1. 880 Posts.
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    MM I have been thinking about your last line in comparison to the trading approach" I’m going long like real estate on this, but I like to live on the edge." I fully agree that when considering trading verses simply accumulating your's is the most wiser approach.

    Have been doing a bit of math on trading
    so here's what I came up with for a typical $10,000 dollar trade
    sell at .033 = 303,030 shares = $10,000 + say $30 commission =
    $9,070 in the bank
    so now you wait for the price to go down and to play it safe people here reckon it might go to 2.7 but lets play a little safer and put a buy order in at 2.8 cents after further costs of about $30 we will have about $9,040 to buy shares with which should buy 322,857 shares or 19,827 more shares than I started with, which at a value of .033 are worth about $654.30
    So the risk is that my 303,303 shares that I sold I might not be able to buy back just to make $645
    now one day those shares should easily be worth $2 each or over $600,000
    so people are risking a future worth of $600,000 to add $645 worth of capital to their portfolio?

    To me the risk just doesn't make sense
    I would rather find another $645 + $15 trade fee = $660 total and buy those additional 19,827 shares at 3.3 cents now like an insurance aganst not being able to re-enter at a lower price than I sold at.

    Another big plus of not risking $600,000 is that I get back the insurance cost of buying those extra 19,827 shares and one day at $2 each will be worth over an additional $39,600 in my portfolio so the insurance of simply buying those extra 19,827 shares actually makes me money! and aviods the risk of losing $600,000 to make $654?
    why would I want to trade?
    FP
 
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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