I've noticed the buy backs have been getting bigger over the past couple of weeks. Nice. I like companies which shrink (or keep the same) the number of shares on issue year-after-year. I'm suspicious of companies which keep increasing the number of shares floating around.
I have no idea about technical analysis but I could imagine the share price dropping to a teasing $3.01 or $3.02, and hovering there for a few days, then after a bad night on Wall Street, it drops 5% and is suddenly straight into the $2.80s. Maybe I am over-thinking things.
I read in an article recently that share prices follow what happens in the US; whereas commodity prices follow what happens in China.
All the analysis in the world does not help if there's a couple of bad nights on Wall Street and the ASX is down 3% in two days. S32 shares would likely be punished. As I wrote yesterday, the only way I feel I can win is by ignoring the noise and use my cash reserves to buy in increasingly larger sized parcels if/when the share price hits lower price points. I'm happy to collect 5% on a term deposit in the short term, but sub-$3.00 S32 shares are a much better long term investment than a term deposit -- only in my opinion.
If something unexpected happened....like Biden suddenly taking sick, we'd drop like a stone, just like everything else. I remember what happened when President Trump contracted Covid and the market went crazy for a couple of days. I don't wish him ill, but that really would be a buying opportunity!
Anyway, I am always interested to see T.A. graphs. I know nothing about it and find it a totally different perspective of a company I am researching. Thanks for posting it.
- Forums
- ASX - By Stock
- Ann: Hermosa Project Non-Cash Impairment
I've noticed the buy backs have been getting bigger over the...
-
-
- There are more pages in this discussion • 5 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 S32 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.67 |
Change
-0.030(0.81%) |
Mkt cap ! $16.61B |
Open | High | Low | Value | Volume |
$3.65 | $3.71 | $3.63 | $73.03M | 19.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 9072 | $3.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.68 | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 127 | 3.670 |
5 | 162711 | 3.660 |
2 | 316501 | 3.650 |
2 | 12452 | 3.640 |
5 | 15886 | 3.630 |
Price($) | Vol. | No. |
---|---|---|
3.680 | 7000 | 1 |
3.690 | 10452 | 1 |
3.700 | 14027 | 3 |
3.710 | 153624 | 11 |
3.720 | 150898 | 5 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
S32 (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online