Stock which have been in a horrid price performance period (such as ALC from the 14.5c peak in Dec to a low below 6c last month) will need time (specifically volume churn) to rebalance to fair value.
This is because there are a lot of sellers who lost faith in the story on the way down & take advantage of spikes to sell in to (as we saw yesterday).
I personally know of approx. 1.5m shares which were sold yesterday due this very thing. (None of my stock, but friends etc).
The FA of the company has never been in a better position.
This churning period will be short lived, but must take place for the re-rate to become more powerful.
You'll also notice that each time this 'flush' occurs, it re-bases as a slightly higher level... this is key & should reinforce the argument that the above it taking place.
Over the last month we have seen 3 major contract wins as I've previously outlined. Lets see what the remainder of April brings - I'm quietly confident of at least another contract win given the momentum is building strongly on the commercialisation side now.
One of the most powerful adages I invest by is that the stock market is the transferrer of wealth from the impatient to the patient.
- Forums
- ASX - By Stock
- ALC
- ALC - Valuation Overview
ALC - Valuation Overview, page-152
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALC (ASX) to my watchlist
|
|||||
Last
6.8¢ |
Change
0.004(6.25%) |
Mkt cap ! $89.94M |
Open | High | Low | Value | Volume |
6.5¢ | 6.8¢ | 6.5¢ | $22.92K | 346.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20150 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 232449 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 309331 | 0.065 |
2 | 539747 | 0.064 |
1 | 200 | 0.063 |
1 | 10000 | 0.062 |
2 | 149000 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 14208 | 1 |
0.067 | 16814 | 1 |
0.068 | 244599 | 1 |
0.069 | 50000 | 1 |
0.070 | 160606 | 2 |
Last trade - 15.23pm 11/09/2024 (20 minute delay) ? |
Featured News
ALC (ASX) Chart |