This is a stock to trade the ranges. I bought back in today at around 1.80 and if it get up over about 2.10 I will start a sell down again. I am noticing that there is zero market interest in the l small/medium cap end of the market and even companies that had good results or contract wins any increases in SP plus going ex div have faded in the last month. This is especially the case with manufacturing and property related businesses. Patience and contrarian values are needed here. Too much of the market is now passively market weighted managed and I think that this will produce a poor performance for the average investor for the next 2-3 years.
This is a stock to trade the ranges. I bought back in today at...
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Last
$2.38 |
Change
0.010(0.42%) |
Mkt cap ! $862.7M | |||
| Open | High | Low | Value | Volume |
| $2.40 | $2.41 | $2.36 | $1.149M | 481.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6415 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 4404 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ASB (ASX) Chart |