ASB is up nearly 80% since this exchange only 7 months ago, and up about 50% from the share issue price earlier this year. It's a great run, but like all good things I suspect there must be a pause before long.
I invested in ASB because of the defense theme - a good company in a currently thriving and topical business and it has treated me very well. However, I'm wary about how far this beauty can go before taking a breath, and for that reason I'm taking some of my profit and hoping that I can buy back after it takes a breather. As the posters above suggest, a calculated gamble on price movement.
mutineer
ASB Price at posting:
$5.70 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)