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Yes, Cocky. Agree with your comments.My instincts foresaw SHV at...

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Ashentegra

5,355 Posts.

1296

29/12/23

09:55

Post #: 71652196
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Originally posted by Cocky5: ↑

I called the bottom of the SHV slide at $2.80, however that is only my opinion and maybe not the markets. I always do think “the market” goes a lot higher than you think and conversely a lot lower than anyone thinks is reasonable.

to replicate SHV would take an enormous amount of time and investment. In fact it would almost not be possible, shareholders just require a frugal and intelligent management team, to restructure and remove unnecessary costs.

An equity investment requires 18.5% return, and at SHV current share price that return must be approaching fast.

humans always get greedy and wait for the market to become completely irrational. A very good friend of mine a stockbroker says “bottom pickers get smelly fingers”, and in my experience he is right.

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Yes, Cocky. Agree with your comments.

My instincts foresaw SHV at 2.90 when it was 4.40-ish, didn't believe myself or make this public.

The 'smelly fingers' observation is a useful caution for bottom-fishers. None can precisely forecast 'the madness of crowds'.

A chartist would wait for the security of confirmation, a double bottom. SHV may or may not do this.

We shall see.

Ash

SHV Price at posting: $2.97 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $3.39		Change 0.020(0.59%)		Mkt cap ! $410.3M

Open	High	Low	Value	Volume
$3.35	$3.50	$3.33	$881.4K	256.8K

Buyers (Bids)

No.	Vol.	Price($)
1	3000	$3.38

Sellers (Offers)

Price($)	Vol.	No.
$3.40	5	1

View Market Depth

No.	Vol.	Price($)
1	3000	3.380
1	986	3.370
1	986	3.360
4	6958	3.350
1	597	3.320

Price($)	Vol.	No.
3.400	5	1
3.410	1	1
3.420	986	1
3.430	986	1
3.440	986	1

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last $3.40			Change 0.020 ( 0.53 %)
Open	High		Low	Volume
$3.35	$3.50		$3.33	38138
Last updated 15.59pm 08/05/2024 ?

SHV (ASX) Chart

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