They may go bust, no company is untouchable, how do you know there is no correlation, looks similar to SUN on the chart that is for sure, SUN has been hit with multiple large claims, what is to say major write downs will soon not comence just like with CNP.
Check out how many so called experts like brokers, financial advisors, even many of the large banks were ramping CNP near its highs and saying it was as safe as houses and to buy, look at it now, almost $1.
There is not such thing as a safe stock anymore, even stocks like CBA, BHP could suddenly go down the tubes, it only takes a something small that will trigger a volcano.
People need to stop falling in love with there stocks and learn to trade both up and down moves, imagine if you shorted CNP near its highs, you would now have cleaned up, i believe we are at the peak in the insurance and banking sectors and these types of stocks will be better to short now than go long, i see SUN heading towards $12 on my chart for now, this bearish sentiment has only just begun.
- Forums
- ASX - By Stock
- SUN
- is it another cnp
is it another cnp, page-4
-
-
- There are more pages in this discussion • 14 more messages 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 SUN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.38 |
Change
0.180(0.99%) |
Mkt cap ! $23.38B |
Open | High | Low | Value | Volume |
$18.20 | $18.47 | $18.13 | $76.80M | 4.180M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28 | $18.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.38 | 31205 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28 | 18.350 |
1 | 3020 | 18.320 |
1 | 275 | 18.290 |
4 | 12363 | 18.270 |
2 | 29442 | 18.260 |
Price($) | Vol. | No. |
---|---|---|
18.390 | 17938 | 5 |
18.400 | 11681 | 2 |
18.410 | 412 | 1 |
18.420 | 46987 | 4 |
18.430 | 360 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
Featured News
SUN (ASX) Chart |