Hi @prhb -- I don't think your reasoning is faulty -- the believers and ETFs buying-in early may have created a day-trader's / shorter's paradise in ASM. The July-Nov 2021 rise to 12-14 seemed excessive / premature relative to realistic build, production and funding timeframes, but to me indicates the solid potential, for 2023-2024). I have re-set my expectations, and believe this is a great opportunity to accumulate: perhaps horizontal for the rest of 2022 and then steady gains of 50% YoY (ie, $6 - $9 - $13.5 ... ). Anything better / earlier would be cherries and cream for me (but perhaps then more prone to shorters / volatility). I would prefer to be buying more around 7ish than 9-10s -- until we have substantial progress news.
That said, I am concerned about / don't know how to factor-in the Taiwan risk and changing economic / equity market outlooks for 2023-2024, and how that may affect ASM's roll-out and SP trajectory (it would be nice if exposure to emerging strategic materials production affords a harbour / refuge against stagflation etc??). I have since read the latest post from @cactusjack17 and am grateful for the shared insight. IMHO, Not advice ...
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Hi @prhb -- I don't think your reasoning is faulty -- the...
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Last
78.0¢ |
Change
-0.025(3.11%) |
Mkt cap ! $141.2M |
Open | High | Low | Value | Volume |
80.5¢ | 81.0¢ | 77.5¢ | $427.1K | 536.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2053 | 78.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.780 |
1 | 10000 | 0.775 |
1 | 17270 | 0.770 |
1 | 1290 | 0.765 |
2 | 2367 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 10000 | 1 |
0.815 | 31443 | 1 |
0.820 | 55383 | 3 |
0.835 | 1197 | 1 |
0.860 | 2208 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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