There's clearly still some nervousness about shorters and the 'true' value of RHC as demonstrated this afternoon.
This may scare off short termers and certainly smaller guys might be scared off buying in hope of a short term capital gain - although short term gains are certainly not out of the realms of possibility, its just a little scarier with a big shot declaring they are shorting.
However for those who bought this as a long term investment there is very little to fear in my opinion. This shorting episode will unwind as they all eventually must. Its still a very undemanding PE for a safe, blue-chip grade growth stock. There's certainly much pricier stocks out there than this. Long term the only regrets holders will have is not having the space to pick up more during the lows.
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Last
$37.84 |
Change
0.210(0.56%) |
Mkt cap ! $8.735B |
Open | High | Low | Value | Volume |
$37.70 | $38.24 | $37.48 | $12.98M | 339.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 232 | $37.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.87 | 93 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 289 | 37.830 |
3 | 76 | 37.820 |
2 | 136 | 37.810 |
2 | 114 | 37.800 |
4 | 185 | 37.790 |
Price($) | Vol. | No. |
---|---|---|
37.870 | 245 | 13 |
37.880 | 281 | 9 |
37.890 | 254 | 5 |
37.900 | 241 | 8 |
37.910 | 199 | 5 |
Last trade - 14.30pm 14/11/2024 (20 minute delay) ? |
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RHC (ASX) Chart |