RMD 0.46% $30.50 resmed inc

oversold, page-14

  1. 57 Posts.
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    @perdant sorry but I have a question in relation to the above, mainly given my lack of detailed understanding about CDI.

    I always simplistically convert the US price into Aussie, so based on last night's close of USD 94.56, that would equate to AUD 131.50 and then basically divide by 10...so on that basis I get AUD 13.15 as the equivalent ASX price... eek.png

    I'm sure this is probably the wrong way to arrive at this and regardless a further 9% fall on Tuesday on the ASX for RMD is inconceivable.

    Hopefully there's some strength returning to this during Monday night's trade in the US and we can latch on to that when the ASX resumes trading on Tuesday...

    I'm still hopeful that we will see a decent recovery next week.. 
 
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