Hi Joffrey, yes it is overpriced,BUT BECAUSE most people in the know( ie smart money??) have sold out since it got over $100. As fund managers/ INDEX FUNDS/ shorters the smart money fu$&* cked up and if they want to maintain their performance they are required to purchase the stock back. Over 30% of CBA is now held by overseas investors( purchased when the SMART money was selling out). They seemed happy to pay up to $137.00 and hold on till they make a profit which at this point they are.
so it not always fundamentals that price this WIDOW MAKER.
I AGREE IT IS RIDICULOUS BUT IT IS WHAT IT IS.
CBA TA update, page-1064
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Last
$149.62 |
Change
-0.630(0.42%) |
Mkt cap ! $250.4B | |||
| Open | High | Low | Value | Volume |
| $148.05 | $149.62 | $147.65 | $268.4M | 1.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2439 | $149.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.62 | 1394 | 3 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |