An interesting post...and maybe this is exactly why the market is treating CAT this way. It is defending its position, raising for companies that it doesn't want to tell the market about. Chasing a revenue model, rather than profit, and I think the market disliked that statement intensely.
In all, whilst long term CAT maybe massive, right now, the market perceives it as a risk not worth taking.
I don't think the recovery will be as rapid as the decline, and will give quite a few opportunities to get back in. There are many stale holders just longing for a bounce.
An interesting post...and maybe this is exactly why the market...
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Last
$2.16 |
Change
0.000(0.00%) |
Mkt cap ! $564.9M | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.16 | $2.11 | $343.5K | 160.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 34858 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CAT (ASX) Chart |