ASB 0.00% $2.53 austal limited

Ann: Austal announces CEO transition, page-16

  1. 1,649 Posts.
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    Hi All. No idea what will happen to the ASB SP, but what I can say is that the share market is traded on sentiment. We are all investing/trading on what is perceived to be a good or bad investment. At the moment ASB doesn't really jump on good news and completely tanks on the slightest indication of negative news. Shorts are making more money than anyone else on Austal. Be careful before assuming where the bottom is. There are also other companies around with better prospects at the same price range, so don't be too in love with ASB "hoping" for good news. Trend is your friend and DYOR. Wishing everyone all the best.
 
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