The whole market is rigged. 80-90% trading is technical or Algo driven. Fundamentals do work but only as an initial rocket lighter. When I see several stocks trading at PE of 5% and Div yield above 8% languishing while other with Div y under 2% and PE above 25-30 I find hard to position myself for a fundamental trade. Individual investor is at the mercy of Instos and Hedge fund who constantly get insider info..
CSL is a farce at curr prices. Not that I will continue to hold my shorts for too long. They keep pushing it up with buybacks and now have overboard with using debt to fund the buy back (i.e Ponzi). Plus they get their free perf right as sh price keeps rising.
To buy more or nor to buy more, page-57
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 (20min delay)
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Last
$302.04 |
Change
4.380(1.47%) |
Mkt cap ! $145.9B | |||
| Open | High | Low | Value | Volume |
| $300.00 | $302.49 | $299.34 | $178.5M | 592.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 285 | $302.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $302.10 | 67 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| CSL (ASX) Chart |