going to be a large sell down at some point in the not too distant future, unless a large investor comes aboard or a JV/acquisition etc
the fed will announce a stimulus as early as Friday, which gives us space to rise a little further depending on outcome, however markets looking very frothy, and lots at play at the moment
completely agree that it's plausible to anticipate a "correction of sorts", however a new base has (arguably) formed at around $11.50-$12, so with a good report, it's likely to see this climb higher before falling down around the $10-$11 mark shorter term.
your target of $8.50 may get there but would need some significant catalysts, and none I can anticipate in the immediate future
I enjoy your opinions and outlook, and I agree, in most part, to your views.
my money is staying put as I think there is a bit more in the engines to break another ATH before cooling right off. I think this is more likely to happen first, before seeing a capitulation of 25-30% drop.
Chart - Z1P, page-5925
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B |
Open | High | Low | Value | Volume |
$1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5300 | $1.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 86880 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.690 |
1 | 29495 | 1.685 |
10 | 46004 | 1.680 |
3 | 21357 | 1.675 |
7 | 81665 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 50000 | 2 |
1.705 | 72000 | 2 |
1.710 | 69500 | 4 |
1.715 | 1400 | 1 |
1.720 | 22142 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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