I don't think they understand what is happening - some of it is rerating as there is nothing left to downgrade. Some of it is asset allocation - Yields and USD falling is basically an asset allocation into risky assets Gold and Bitcoin inclusive
Big Tech and its equivalence are stretched in valuation so the best guide to this rally is the Russell 2000 index if that keeps rallying thats a sure sign funds will continue to pour into good growth names like NXL, BVS, ZIP, APX
It makes little sense to invest in cash as the value is falling, no sense to invest in Big Tech as valuations are bloated so the only value that can be found are growth names...and A.I is one of the best for next few years at least
Ann: Response to ASX Price Query, page-244
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Last
48.0¢ |
Change
-0.015(3.03%) |
Mkt cap ! $106.7M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 47.0¢ | $676.8K | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42063 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 35424 | 3 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| APX (ASX) Chart |