It's a classic case of irrational thinking. I'm a firm believer in value investing so always keep some powder dry which is deployed when I see great companies have pull backs which are based on nothing that breaks the thinking behind the investment thesis. In the the last month I've executed trades in AD8 after they fell close to 20% on a day that they announced delayed sales due to chip shortages... I mean seriously! great company that isn't losing sales. Just when I though it couldn't get better for October Domino's fell 20% in a day on some inflation based head wind and sales growth miss in Japan.....loaded up the truck straight away.
Both AD8 and DMP are up 5% in the month since. In each example AD8, DMP and AX1 are the best in class in their segment so when the opportunity arises- take advantage for an outsized gain.
Ann: Trading Update, page-11
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Last
$2.25 |
Change
0.000(0.00%) |
Mkt cap ! $1.270B | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.27 | $2.23 | $3.324M | 1.478M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14967 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 26499 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |