Any Geniune People on HC ?, page-3

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Kiwiboy00

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26/02/16

22:00

Post #: 17130566
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Originally posted by bug1 ↑

Im overweight in S32, i sold a small percentage of mine at $1.20, ones i bought at $0.89, i wanted to have a bit of a reserve again and i couldnt see it going much higher in the short term... If the SP gets close to $1 i would buy them back.

I think its looking pretty fairly priced where it is now, the volume and number of sellers and buyers has been pretty close, and there looks to be support either side. It looks like its consolidating at this price, and i suspect industry news rather than company news will drive it one direction or the other.

It could moves up to $1.30 there will be extra selling pressure again, and if it move below $1.10 extra buyers will come in. It would take something extraordinary to take it below $1 again i suspect.

Also its worth watching the shorters, i have been looking for signs that they might think its overpriced (just because it has bounced so hard), but the short % is decreasing from a record high (for S32), so they arent thinking the SP will go down.

If oil hits record lows again that might be another trigger for a general panic again and another buying opportunity, but its looking like there might be some relative stability for a while.

And i dont consider myself to be an expert but i try. The good thing about this forum, is that we can all help to keep each other informed, nobody can see it all, but if we all share our genuine thoughts then there is a collective wisdom to be found.

Good luck

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Your a good person Bug1 i appreciate you taking the time to reply to my questions. Im pleased you made a small profit my friend well done

Im looking very closely at BHP but worried it might go lower then $14.00, not sure if to bite the bullett buy more BHP or invest the money into S32 and bypass BHP altogether :-/ what to do lol.

S32 Price at posting: $1.21 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.89		Change 0.040(1.40%)		Mkt cap ! $13.01B

Open	High	Low	Value	Volume
$2.83	$2.89	$2.81	$90.41M	31.55M

Buyers (Bids)

No.	Vol.	Price($)
3	13850	$2.88

Sellers (Offers)

Price($)	Vol.	No.
$2.89	139579	15

View Market Depth

No.	Vol.	Price($)
2	13000	2.880
2	51399	2.870
1	1600	2.860
5	14953	2.850
3	28605	2.840

Price($)	Vol.	No.
2.890	115379	6
2.900	21278	9
2.910	25807	4
2.920	39205	5
2.930	35463	6

Last trade - 16.10pm 18/07/2025 (20 minute delay)

S32 (ASX) Chart

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