I've been wondering this exact same thing. I've transferred some cash into my trading account just in case there is an overreaction Friday morning.
My gut feel is it should drop to about $2.30-$2.50 (the floor was $2.50 before this ALB business, but the overall market has dropped a fair bit since then, so would not be surprised to see it go further).
However, I think there will be an overreaction, so low $2s are possible. I would be greatly surprised (and most certainly topping up) if it went sub $2.
I still see this as a $4-5 stock (conservatively) in a few years, which makes a low $2s a very good investment.
Opening price, page-9
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Last
59.5¢ |
Change
-0.030(4.80%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.5¢ | 59.0¢ | $8.852M | 14.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 212314 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 310624 | 8 |
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| LTR (ASX) Chart |