AT1 3.85% 2.5¢ atomo diagnostics limited

@Pobnfg I don’t blame you because the economy is falling apart...

  1. 944 Posts.
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    @Pobnfg I don’t blame you because the economy is falling apart as evidenced by the fact our economy contracted by 7% this quarter the greatest ever drop - the previous worst drop was 2% in 1974 so the numbers are bad.

    The market was sitting around 1.4% up at the time of the economic data and we’re now 1.9% so it seems like the bad data has been shrugged off.

    We already know it’s bad as the market is forward looking.

    Hopefully as we start to take control of COVID if that’s possible we will see a huge upside.

    Anyway as we saw in March we get a crash then along comes stimulus and up goes the share prices by many multiples.

    I’m not worried about AT1 at all and expect people will take advantage of the SP weakness and accumulate from here as they always do on weakness and thus the cycle continues.

    Good luck and to all holders.

    DYOR this is my opinion
 
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