I have learnt not to try picking bottoms over the years as you all knows what happens. If everyone is thinking "in the $15's is a bargain" who will they be buying off? The hedge fund shorters were in clover on the rumour and will be buying back in the $15's not selling any more. Investment funds will see great value and nice little portfolio balance against the high alpha stocks and those that will underperform in a risk/AUD sell off, and I hardly think long term holders having wathced the price drop from $25 to $16 will panick now? The divi is worth 65c after franking so $16.64 is effectively buying at $15ish going into Aug. so $16.80 this morning was getting pretty close if you follow my logic.
goodluck
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Last
$16.39 |
Change
-0.050(0.30%) |
Mkt cap ! $24.68B | |||
| Open | High | Low | Value | Volume |
| $16.42 | $16.66 | $16.34 | $43.71M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5263 | $16.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 1479 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| QBE (ASX) Chart |