The market is often irrational, and react in ways that defy logic.
PLS who are making the same amount of money as Telstra, and are scheduled to make more this FY, are somehow being punished and pushed down to a market cap that is 1/4th of TLS.
Think about that - the irrational brokers and big money have declared that PLS is worth a quarter of Telstra, even though PLS is already making more money than Telstra, with a much steeper growth potential.
Similarly CXO will potentially make its entire market cap in 1-2 years. Worse case scenario maybe 3 years. Obviously not good enough for the market.
I know where I prefer my money to be invested in the next decade.
These big boys can try and scare me into selling by threatening to push the price lower, but I also know you have 183million shares you need to cover, they can’t stay open forever - and when CXO is eventually earning it’s market cap in 1-2 years, I hope you get caught out.
Hopefully no one else gets scared by your tactics and fall into the trap.
Hold strong retail.
CXO Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
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