Sircorp, might be three times unlucky as far as your buyback theory goes.
CSL are now unable to lift price in the USA market as they have done for the last 2 years by 10% or so. As such $32.00 is fully priced and poised to fall much further in my opinion.
Regards,
Lopez,
Lopez, at the end of the day hotcopper has the ability to work as a mutually benneficial sharing of information and opinions (backed up by reason).
There are some people on this forum who are pure traders and there are some that try to apply some form of fundamental analysis to their buy decisions (of whom i am one).
It can be very frustrating on this site to just listen to people say... nah i reckon it will get to $26, when they dont justify the reasons for it.
Its one of the big headaches of hotcopper, we dont know who is at the other end of the post, and there are many posters who just make non value adding comments.
I noticed you have just posted a commment about csl adding 10% price increases as justification that further price increases are not possible.
Can you expand on this for us. Why arent further prices increases possible? is there some law that prohibits futher price increases.
I am happy to hear your views and please dont be defensive, just constructive.
Good kharma to everyone.
CSL Price at posting:
$31.36 Sentiment: None Disclosure: Held
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