Mate,
It is called technical move not emotional one, I was one of those people took short positions on friday, sure some did it for the reason of probability of DOW drops and some profit taking but the long term investor will have to disagree with me and that is the way supposed to be in the market!! and the long term investor is right sure man they are right in saying that CSL is defensive, lomg term will be 40.50 or I say 50 bucks.....the problem is we don't know WHEN and it may take two months or two years and what a shame I don't have massive capital that I can buy and hold and still pay my bills and enjoy a beer ot two??
They moved up strongly lately so logic says profit taking is very close and TA looks a bit better for shorting, but those that have fallen in love and believe it will go straight up to 40.50 in a few days will be disappointed, long term yes I agree it is a great company but I like to make some money in a few days or weeks not in two years, there will be some consolidation before the next move up.
Cheers,
Mate,It is called technical move not emotional one, I was one of...
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Last
$311.70 |
Change
0.580(0.19%) |
Mkt cap ! $150.6B | |||
| Open | High | Low | Value | Volume |
| $308.37 | $311.70 | $307.33 | $411.6M | 1.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55 | $310.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $311.74 | 904 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CSL (ASX) Chart |