123,
yes you are right, but on the buy side someone is ensuring it doesn't fall past 20c, so its artificially propped at the same time. Could be JP Morgan propping the price so they can get out in the low 20's.
So overall with those 2 points (bull & bear) considered it makes the market currently and it says 22c
I have been waiting for some time now for the forced sell to stop and the props to disappear, then we see what the market wants, will it go to test the low at 14c, will it hold above 30c and begin the new trend, impossible to say.
Systemic risks say down with Europe
CK
- Forums
- ASX - By Stock
- PLV
- bdo valuations
bdo valuations, page-26
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)