Hi Mate,Don't get me wrong. I'm in cda since $6. But the recent...

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Andypossum1

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28/08/21

16:28

Post #: 55649332
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Originally posted by aruc6393: ↑

Sure, price can do anything in the short term. But it's the long term price that matters most for investors. The long term price will be governed by the fundamentals and financial performance of a business. If these are strong, then the SP will be strong in the long run. To me, Donald's option exercise signals to me that he is of the belief the future fundamentals and financial performance of Codan will be strong. It signals to me that even at $16.34 he is of the belief that the SP is of good value when compared to these fundamentals. And for me, I believe Donald, as CEO, is in the best seat to come to this assessment. For me, that provides me huge confidence.

So as far as the fundamentals and future fundamentals of a business is strong, a short term price downturn could actually be an investor's friend, and an opportunity to increase one's position.

Of course if you are a short term trader/speculator, then the above is not applicable, and in this case I don't have any comments other than to say you probably have a similar chance of profiting at the roulette table in the casino.

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Hi Mate,

Don't get me wrong.

I'm in cda since $6. But the recent price action worries me a little bit. It was able to bounce off of its 200 day moving average, an important long-term support line. So, hopefully things will be brighter in the coming weeks.

CDA Price at posting: $15.07 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $20.04		Change 0.290(1.47%)		Mkt cap ! $3.641B

Open	High	Low	Value	Volume
$20.09	$20.23	$19.97	$1.705M	84.95K

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No.	Vol.	Price($)
1	130	$20.04

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Price($)	Vol.	No.
$20.05	166	6

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No.	Vol.	Price($)
2	200	20.040
5	510	20.030
3	352	20.020
5	499	20.010
6	1008	20.000

Price($)	Vol.	No.
20.060	206	10
20.070	350	7
20.080	413	5
20.090	605	7
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CDA (ASX) Chart

Hi Mate,Don't get me wrong. I'm in cda since $6. But the recent...

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Hi Mate,Don't get me wrong. I'm in cda since $6. But the recent...

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