Just pulled up the chart for the10 year chart for the XAO.
Go to http://asx.netquote.com.au/charts.asp
If you apply the same logic to a stock such as HCY, where 2 months ago it was around 1.8c to now 3.7c,you would expect HCY to settle at around 2.9c before next leg-up given the right annoncement.
Can you apply the same logic to the XAO given all the hoopla re the subprime madness.As credit now is very hard to get at present.
Just a thought
I only used HCY as an example.
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Last
8,875.3 |
Change
60.000(0.68%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,815.3 | 8,877.1 | 8,815.3 |
| XAO (ASX) Chart |