ALL is a great stock but i think small retail investors such as ourselves are at the mercy of high frequency trading systems that detect an upward trend in another stock and sell ALL to jump on to the other stock and ride the trend while it lasts.
This results in some stocks shooting high one day and getting demolished the next day.
Although we cant match the high speeds of algos we will do ok if we buy at a good price and hold.
ALL will do ok in the medium term as market price moves back to true valuation and not a false algo driven trend price.
Think most brokers have a 12 month price target of around $33 on ALL.
at what price do you buy in?, page-185
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Last
$52.55 |
Change
-0.230(0.44%) |
Mkt cap ! $33.16B | |||
| Open | High | Low | Value | Volume |
| $52.12 | $52.67 | $52.00 | $72.29M | 1.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 606 | $52.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.55 | 10734 | 2 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| ALL (ASX) Chart |