AlexWsng...Alex I'm sure that you will make a lot of money in your investments in CTT ....and I'm pretty sure we are pretty near the bottom.. it's very hard to call a bottom but when it is reached and the long term players have absorbed the cheap shares ie. .. when the swamp has been dried out ...so to speak... the stock price will turn very quickly and run up strongly .. Perhaps in the period of a week we could recover to $3 or more... Why? two reasons a) no more cheap stock and to get shares the buyers must pay the asked price b) the huge lift in momentum as the "Fear of loosing out "drives the buyers in once more.
I totally agree with your analysis .. lots of Motley Fool buyers would be better playing Tatts Lotto or going to the Casino .. they are in it for supposedly quick money.. Greed drives them in and Fear drives them out .. they are not investors .. but they will be back again driving the recovery as soon as momentum turns the stock into a positive run.
You have in my opinion the gist of the reason for the adverse reaction .. but have no fear money always chases strong revenue growth and rising profits and Dean is achieving all the growth factors that will create a perfect storm of buyers .. Patience Alex and buy your positions gradually over a few days ... you won't get the best price .. you won't get the worst price .. but you'll get a good average... you've have made a good choice now all you need is to have patience.to let your money grow.
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AlexWsng...Alex I'm sure that you will make a lot of money...
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Last
$1.79 |
Change
-0.045(2.45%) |
Mkt cap ! $682.4M |
Open | High | Low | Value | Volume |
$1.85 | $1.90 | $1.79 | $2.924M | 1.592M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 983 | $1.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.85 | 4500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 983 | 1.790 |
4 | 33373 | 1.785 |
4 | 36610 | 1.780 |
3 | 76525 | 1.775 |
2 | 10500 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.845 | 4500 | 1 |
1.860 | 19710 | 2 |
1.865 | 20000 | 1 |
1.870 | 15001 | 3 |
1.880 | 9500 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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CTT (ASX) Chart |