Undervalued & Oversold..., page-88

First 88 Last

Share
Profile

Follow
JLwithdraw.

11,672 Posts.

14/07/16

14:37

Post #: 18269810
Share

Originally posted by OllieB ↑

Can you please explain how someone lends out their stock and also shorts it?? Seriously!!

Plus while the ASX doesn't guarantee the short data it is considered high quality so dismissing it so as to fit the narrative you have created is only kidding yourself!!

Rather than all these conspiracy theories and stock manipulation theories, maybe 1PG was just very oversold and lots of people jumped on board expecting a technical bounce, which has now occurred and the stock is rolling again given no recent material change in the fundamentals.

In my view the only way it will bounce on a sustained basis is a tangible improvement in actual revenue and at some point earnings. There is no evidence of this as yet. Maybe the quarterly will give some comfort.

Buying or shorting 1PG is a punt/speculation and a hope trade at best.

My view is to avoid it, but if I had to go one way or another I would BUY because I think expectations are low, plenty of volume has gone through lower down (clearing out stale bulls) and it has plenty of cash (for now). A good quarterly will get a rocket under it. This is probably a 50% downside, 200% upside type punt over the next 6-12 months.

Good luck.

Expand

And one more thing, if anyone thinks this market forces at work and stock exchanges around the world are legitimate platforms of commerce; YOU ARE DREAMING!

1PG Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SFX

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

Markets were expecting Trump to bomb Iran. It's just another new normal

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Uranium ignites: Is this the start of a supercycle?

ASX Market Close: Middle East War rattles investors | June 23, 2025

First 88 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Undervalued & Oversold..., page-88

Top Stories

Sheffield Resources spruiks 'pleasing' maiden MRE at South Atlantic Project

Markets were expecting Trump to bomb Iran. It's just another new normal

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Uranium ignites: Is this the start of a supercycle?

ASX Market Close: Middle East War rattles investors | June 23, 2025

Featured News