Sometimes I just don't get this market.
ARI has retraced nearly 15% from it's recent high and today has bounced 5%. All of these movements appear to be sentiment driven as there is no news.
IMHO this stock has good prospects as the growth story has been delivered and now it is a matter of the pricing and exchange rate environment, both of which look good. The gearing will be significantly reduced given current cash flows.
I am going to hold till about $1.40 and then take some profit.
I just wish the market wouldn't wobble so much.
FT
chart update anyone?, page-88
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $17.32M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.6¢ | $35.74K | 1.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 129619 | 1 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| ARI (ASX) Chart |