That kind of stuff is exactly why I look to the share price action for guidance. That price is an 'average' of conflicting analyst opinions.
Analysts are basically lazy. When there is a move they look to the most obvious easiest possible explanation. One that the vast casual investing public will swallow as sounding reasonable. You can just see the heads nodding on agreement.
The smart people will look to see how the market reacts to the news, not the news itself.
Eg. Wall St bears are rushing in to print today with forecasts of big drops, easy stuff, easily swallowed.
But one report I read looked a bit deeper and came up with the gem that excessive bearishness usually presages a rising market. We'll see, but I just don't feel any panic vibes.
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Last
$21.21 |
Change
-0.310(1.44%) |
Mkt cap ! $65.30B |
Open | High | Low | Value | Volume |
$21.60 | $21.64 | $21.15 | $128.2M | 6.026M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3190 | $21.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.22 | 1058 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 190 | 21.200 |
1 | 5000 | 21.190 |
3 | 3599 | 21.180 |
1 | 100 | 21.160 |
6 | 41434 | 21.150 |
Price($) | Vol. | No. |
---|---|---|
21.220 | 1058 | 2 |
21.230 | 500 | 1 |
21.240 | 3000 | 1 |
21.250 | 15284 | 4 |
21.260 | 2053 | 1 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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