One just has to look at other quality companies that had massive drops after missing revenue targets, and how they rebounded withing 12 to 18 months - BXB, WOW, AMC, CCL, CSL. None of the 5 mentioned rebounded within 2 or 3 days, they took at least 3 to 6 months, except CSL that rebounded quicker. This will rebound and rebound hard, but $16.50 is at least 12 months away.
Holders will be ok, in the meantime expect some swings as short term traders get a hold of it. Once the short term traders leave it alone the price will settle.
Good luck all. I wish you well. A 22% drop is a horrible feeling, but if you don't need to sell, hold on
oversold, page-71
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Last
$33.43 |
Change
0.130(0.39%) |
Mkt cap ! $21.48B | |||
| Open | High | Low | Value | Volume |
| $32.99 | $33.43 | $32.99 | $25.34M | 760.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 287 | $33.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.44 | 8375 | 1 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| RMD (ASX) Chart |