The biggest problem with SWM and the entire consumer discretionary sector is it is the industry that everyone gets out of when recessions hit. And whatever spin the FED wants to put on its BS, they are in a recession. We are all in a recession, unemployment is going to go up, things are going to get worse. Consumer Discretionary stocks do amazing in free money spending times, not these times.
I think the biggest thing hurting SWM is market sentiment and of course KS holding way too much himself.
This will travel sideways and have its little pump in feb, but we won't get back to 80 cents this feb. 60 cents seems more likely.
Just my thoughts, each to their own, good luck.
The biggest problem with SWM and the entire consumer...
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $277.0M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $150.2K | 854.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 82638 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 602466 | 9 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SWM (ASX) Chart |