My opinion also. End of June we should see some stabilization and recovery of stocks with good business outlook.
In an pullback like this the good stocks gets sold down with the bad, but most of the good stocks will recover again, the bad stocks will probably not.
The big players thrive on these large swings, they need the volatility to make money. They will pick up the bargains as the end of the selloff appraoches and make money again out of the next up upturn.
But until end of June, I find it hard to see too much green around.
rio boss says fundums not changed for copper, page-2
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Last
$115.91 |
Change
3.100(2.75%) |
Mkt cap ! $43.02B | |||
| Open | High | Low | Value | Volume |
| $115.01 | $116.42 | $114.93 | $184.0M | 1.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | $115.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.20 | 200 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |