Haha Colinchi wherever you go on Hotcopper it's just pure doom and gloom. I'm yet to see you have anything positive to say about any stock!
As for the prediction of 49c. If it closes under 60c, that confirms the monthly head and shoulders and thats a very bearish sign. Fundamentals don't suggest that it should get below that but maybe someone knows something we dont. In saying that the volume of the formation of the right should is drying up as it forms which suggests it may not complete.
Interesting that i've seen 2 valuation estimates ones at 1.07 and the other 1.15 (Morningstar quantitative and Thomson Reuters). The high PE stocks have been getting a beating over the last 3 months and that could play a big part. I'll be looking to pick up a parcel here on any sign of strength, especially around 65c.
As always DYOR as this is just my opinion
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Haha Colinchi wherever you go on Hotcopper it's just pure doom...
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1 | 10000 | 5.030 |
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Price($) | Vol. | No. |
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5.110 | 2003 | 2 |
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