Buy stocks when they are undervalued, sell stocks when they are overvalued. Everything else is just noise.
Right now MMS I believe is undervalued, my personal fair valuation is $13.83. I'll be buying them up to $11.06 (13.83*0.8), and selling them from $15.21 (13.83*1.1). If it stays in this range I'll be holding until something occurs that changes my valuation.
Good luck to the people who can skip in and out of a company on momentary swings in sentiment, I'm sure you can make a profit that way - but imho it's always attracted traders who might not have put the research time into properly valuing a company. Then it really becomes informed gambling, not investing.
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Last
$17.91 |
Change
0.510(2.93%) |
Mkt cap ! $1.247B | |||
| Open | High | Low | Value | Volume |
| $17.50 | $17.98 | $17.44 | $3.882M | 217.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2525 | $17.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.99 | 5617 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| MMS (ASX) Chart |