Just a trader in my underwear bored from being on holiday... Not a long term investor. Max hold time probably around 2 months for strong conviction plays. Most of my trades are intra-day. Getting lazy in my older days..
Also combine fundamentals with technicals to take outsized positive expectancy risk reward plays.
Risk management is everything though. Staying in the game.. Learned that the hard way blowing up a few accounts in my young naive days as a failed trader.
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Still have conviction on HLI. Will be looking to re-enter when things settle or can see momentum to the upside. Ride that sucker higher. Most likely will get set again tomorrow before the big buy back program begins this Friday 8th September.
On-market buy back of ~65.6million shares, what happens when all the sellers are exhausted and sold out with the rest happy to hold but the company have committed to buying back all these shares? No sellers with massive buyer = prices move higher. Econ 101. Demand and Supply.
Wouldn't be surprised if we see $4.50+ in the short term.
$100m On-Market share buy back from September 2023, page-6
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 (20min delay)
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Last
$4.39 |
Change
-0.030(0.68%) |
Mkt cap ! $1.232B | |||
| Open | High | Low | Value | Volume |
| $4.44 | $4.45 | $4.38 | $3.188M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8038 | $4.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.40 | 2782 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| HLI (ASX) Chart |