EXT 7.69% 1.2¢ excite technology services ltd

HeheI think he will need it.The mistake people have made is...

  1. 12,455 Posts.
    lightbulb Created with Sketch. 265
    Hehe

    I think he will need it.

    The mistake people have made is comparing EXT to any other stock going around. Also they are considering the "run" as too strong in this current very weak market, hence they fell that it MUST pull back!

    Under any normal circumstance that would be true ... but EXT is in a far from normal situation. Yes it has a very rich deposit ... so have many other stocks, some argue. But the key factor is that the market is being "forced" to recognise the value in EXT due to the RIO/KAH stoush underway.

    Therefore you cant chart EXT as you normally would, and you cant compare it to trading patterns of other stocks.

    The big boys want it ... so they have to pay to get it!

    ;)
 
watchlist Created with Sketch. Add EXT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.