Looking on the bright side : some chartists would say that we have probably the largest unfilled chart gap of any stock in the ASX300. Arguably there are two gaps as the second drop was untradeable also, even though it shows on charts as a solid line. Some day, the theory goes, that gap has to close.
So even if Ben Graham's theories on Fair Value have been made fully redundant permanently by the arbitraging the index both ways at the same time bots, who have no understanding of Fair Value, we've still got those gap closures to look forward to.
But I guess when that gap closes, then Ole' Ben would be close to being right after all. Hmm, that's odd.
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