If the SP drops 50%, it needs to increase 100% to recover.
Up until around 24/4, the SP had been trending down in line with the U market. I believe the downtrend then accelerated in the lead up to end EOFY tax loss selling. I normally use the last 2 months of the FY to establish positions in beaten up stocks in the hope of a new FY recovery. I probably wasn't the only one.
So $2 down to $1 - a 50% loss and a 100% gain if/when a recovery occurs. Unfortunately, the bet didn't pay off and the SP dropped another 50%. I probably wasn't the only one NOT expecting that.
So $2 down to 50c - a 75% loss and a 200% gain if/when a recovery occurs.
The current bounce is just a restoration of the elastic band that snapped after SLX's GLE announcement. That elastic band should still have enough tension to pull the SP up much further.
I don't currently believe the SP will make it back to $2 in the absence of a positive Paducah announcement in the short term.
I also believe the GLE slow down in relation to SLX technology development relates to actual scale up to full size units. Remember the test loop at Wilmington is half scale. I think they are confident that technology hurdles are sufficiently de-risked such that they can slow down to the pace of U market recovery. That means they can go fast or slow as required and there will be no technology road blocks that would impact their pace.
A positive Paducah announcement would mean the SLX technology will be deployed in a known time frame and that a revenue source is secured.
- Forums
- ASX - By Stock
- SLX
- Am I missing something?
Am I missing something?, page-7
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.06 |
Change
-0.110(2.13%) |
Mkt cap ! $1.200B |
Open | High | Low | Value | Volume |
$5.18 | $5.25 | $5.00 | $2.306M | 453.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | $5.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.06 | 199 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1980 | 5.050 |
2 | 2108 | 5.030 |
7 | 13794 | 5.000 |
1 | 1623 | 4.990 |
3 | 6267 | 4.980 |
Price($) | Vol. | No. |
---|---|---|
5.060 | 199 | 1 |
5.080 | 1623 | 1 |
5.100 | 6623 | 2 |
5.110 | 1623 | 1 |
5.120 | 1623 | 1 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
SLX (ASX) Chart |