Yes the stock is definitely undervalued, there is still some profit taking but based on those sort of earnings and with IO price holding up one would expect the stock to move higher.
I'd say some of those shorts taken out last week will be feeling some pain today and its probably only going to get worse the longer they hold.
why gs should be ignored, page-19
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 (20min delay)
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Last
$17.70 |
Change
-0.245(1.37%) |
Mkt cap ! $54.65B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $68.60M | 3.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 5361 | $17.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.70 | 3728 | 8 |
View Market Depth
| Last trade - 15.48pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |