I think Russia invading will do the opposite regarding 88E SP. Big dump by SI's back to mid 3's imo is what I am betting on. The markets will go RED along with 88E imo once invasion happens, surely even the biggest ramper understands this, lol..
Obvious oil will rise, but 88E is not a producer never will be and our real estate portfolio won't be much of an incentive. Wars are never good for markets except Gold and oil price.
I picked up a few at 4.1 and 4.2 and pulled all my 3.9- 4.1 orders, left all my 3.5 to 3.8 orders, will wait on Russia as I am 100 % sure they will invade. Ukraine is way too important and very strategically positioned in Europe, plus have a heap of resources which will have a critical impact on Russia. Why else do you see market go from 4.5c to close today of 4.0c. SI's nervous of the eventual big RED day coming.. Just saying..
LSE tonight, page-13883
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $17.86K | 6.334M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 226 | 344974338 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 612981114 | 227 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |