Hi @prhb -- I don't think your reasoning is faulty -- the believers and ETFs buying-in early may have created a day-trader's / shorter's paradise in ASM. The July-Nov 2021 rise to 12-14 seemed excessive / premature relative to realistic build, production and funding timeframes, but to me indicates the solid potential, for 2023-2024). I have re-set my expectations, and believe this is a great opportunity to accumulate: perhaps horizontal for the rest of 2022 and then steady gains of 50% YoY (ie, $6 - $9 - $13.5 ... ). Anything better / earlier would be cherries and cream for me (but perhaps then more prone to shorters / volatility). I would prefer to be buying more around 7ish than 9-10s -- until we have substantial progress news.
That said, I am concerned about / don't know how to factor-in the Taiwan risk and changing economic / equity market outlooks for 2023-2024, and how that may affect ASM's roll-out and SP trajectory (it would be nice if exposure to emerging strategic materials production affords a harbour / refuge against stagflation etc??). I have since read the latest post from @cactusjack17 and am grateful for the shared insight. IMHO, Not advice ...
- Forums
- ASX - By Stock
- ASM
- ASM Chart Thread
ASM Chart Thread, page-6026
-
- There are more pages in this discussion • 5,329 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASM (ASX) to my watchlist
|
|||||
Last
48.0¢ |
Change
0.020(4.35%) |
Mkt cap ! $87.00M |
Open | High | Low | Value | Volume |
47.0¢ | 50.0¢ | 47.0¢ | $124.9K | 258.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11491 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 5454 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11491 | 0.480 |
1 | 1575 | 0.475 |
1 | 5000 | 0.465 |
4 | 33839 | 0.460 |
2 | 3500 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 5454 | 1 |
0.495 | 19472 | 3 |
0.500 | 103592 | 3 |
0.505 | 20000 | 1 |
0.510 | 19151 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
ASM (ASX) Chart |